Famous Fund Manager Talked About Ethereum Merge!

One of the world’s most famous hedge fund managers Brian Kellyin a statement to CNBC. cryptocurrency He talked about the general trend of the markets.

Kelly, the founder and CEO of hedge fund BKCM, is on the side of the crypto community. “The Bitcoin Big Bang: How Alternative Currencies Are About the World ChangeHe is known as the author of the book “.

Kelly in an interview with CNBC ETH He shared his views on how the price will follow in the coming days.

fund manager, Ethereum thinks that it should be evaluated just like a technology stock. Kelly, also numbered days left. Merge He also referred to the update:

“Like all investment products, news is sold in cryptocurrencies. Nowadays, everyone wants to buy Ethereum as the Merge update is approaching. Thus, there is a slight increase. However, these figures do not satisfy me. I don’t see any profitability right now, investors are just protecting their money against inflation. However, sometimes the news that happens in cryptocurrencies can also be bought. I am not very clear on this matter.”

Correlation Between Bitcoin and Nasdaq Increasing!

Kelly, bitcoin with Nasdaq He also answered questions about the correlation that continues to increase between

“The correlation rate between BTC and Nasdaq has increased considerably. I can say it’s up to 60%. The correlation between Nasdaq and Ethereum is around 70%.”

Kelly stated that cryptocurrencies are currently acting like an exchange-traded fund with 2-3x leverage. The CEO also interpreted Bitcoin as a currency alternative, not as a technology company, unlike ETH.