2 November 2024
NASDAQ Article Claims Crypto Market Will Crash
Recently, NASDAQ published an article stating that a “crypto market crash is coming“. The article includes tips to prepare for the crash, claiming that the Crypto market was “notoriously volatile.”
Additionally, the stock exchange also claimed that the whole Crypto market could drop as low as 50% in a few months.
The article states, “After a price spike in November 2021, prices have trended downwards in recent months. It isn’t yet clear whether this is part of a bigger crypto market crash.”
However, the article faced criticism from the Crypto community for its alleged far-fetched prediction. As per the experts in the Crypto industry, NASDAQ has authority in the stock market but is not qualified to speak regarding Cryptocurrencies.
For example, the Crypto news aggregator Watcher.Guru posted on Twitter that NASDAQ is saying that an upcoming crypto market crash will happen. The tweet itself highlights the word experts with quotation marks.
Many users commented that NASDAQ experts are only experts in the stock market and not in the Crypto market.
Although it should be noted that the published article on NASDAQ was written by Emma Newbery, a contributor from The Motley Fool. This means that the article was not necessarily written by one of NASDAQ’s staff.
Disclaimer: The author’s thoughts and comments are solely for educational reasons and informative purposes only. They do not represent financial, investment, or other advice.
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