Nicholas Merten of DataDash predicts a 'cold winter' for the crypto market

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Nicholas Merten of DataDash predicts a 'cold winter' for the crypto market
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Nicholas Merten of the DataDash YouTube channel gives his opinions on an array of topics in the fourth episode of Cointelegraph's Crypto Trading Secrets podcast.

YouTube channel, joined Cointelegraph’spodcast for an interview with host Benjamin Pirus, discussing a number of topics, including his opinions on the state of the crypto market. “I think that right now, we’ve been going through what can only be seen as a period of consolidation,” he said when asked about his thoughts on the price of Bitcoin as of Jan. 9, the date of the interview.

Merten noted that he likes to look at the big picture. “I think crypto is going through again this period of massive restructuring that I think is going to be overall good for the space long term, but I think people quite underestimate just how long this could really play out,” he explained, adding: . Industry hedge fund Three Arrows Capital and lending outfit Celsius both went bankrupt in 2022. Digital asset exchange giant FTX, crypto project Terra — with its LUNA and TerraUSD assets — and others also fell during the year, causing ripple effects in the crypto space.

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