The ‘Death’ of Bitcoin, Ethereum? Why These Analysts Think a 50 Percent Downturn for Crypto Can Be Shrugged Off

Photo via Benzinga

Loup Funds analysts Gene Munster and Dough Clinton—touching upon the recent cryptocurrency crash that plummeted valuations of Bitcoin and Ethereum—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.