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Benzinga
Benzinga
Business
Shivdeep Dhaliwal

The 'Death' Of Bitcoin, Ethereum? Why These Analysts Think A 50% Downturn For Crypto Can Be Shrugged Off

Loup Funds analysts Gene Munster and Dough Clinton — touching upon the recent cryptocurrency crash that plummeted valuations of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) — said that “crypto is here to stay.”

What Happened: In a recent discussion, Munster noted that the downturn in the prices of Bitcoin was sharper compared with the tech-stock-heavy Nasdaq.

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