![]() Those small percentage declines, while they seem small, are magnified when you consider Apple’s valuation and the weighted impact it’s going to have on other equities like Microsoft, the FANG (Facebook, Amazon, Netflix and Google) stocks, and even the broader stock market as a whole and even cryptocurrencies, from Bitcoin to your favorite altcoins.”īitcoin is trading for $25,890 at time of writing, down 1.6% in the last 24 hours. It has a circulating supply of 19,575,544 WATCH coins and a max. There’s a reason when Apple drops $200 billion in market cap we got to listen to that. The current CoinMarketCap ranking is 1690, with a live market cap of 190,959 USD. If that plays out, you can easily see Bitcoin coming down here to new lows at around $10,000 to $12,000… 55.86 of this supply is already in circulation. SafeMoon V2 (SFM) price is down 3.70 in the last 24 hours. Today it reached a high of 0.000144, and now sits at 0.000131. If that scenario plays out, I’m not saying it’s a guarantee, but I think it’s a likely scenario. SafeMoon V2 (SFM) is currently ranked as the 230 cryptocurrency by market cap. And I got to tell you… that that will have a bigger impact on Bitcoin than any halving event, any Bitcoin ETF, any narrative you can think of. ![]() “We can’t live in some fantasy world where if Apple is contracting from a $3 trillion company to a $1.5 trillion company that that is not going to have some impacts on Bitcoin. Apple reached a $3 trillion market cap in July but has declined to $2.79 trillion at time of writing. According to Merten, a plummeting Apple market cap will cause Bitcoin, as well as other equities, to collapse along with it.
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