Crypto analyst Nicholas Merten says bitcoin should not be sold

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Crypto analyst Nicholas Merten says bitcoin should not be sold

Bitcoin may not have the confidence to continue on a upward trajectory.

That's according to a prominent crypto analyst who believes people will start cashing out of the apex cryptocurrency.

In his YouTube channel, Nicholas Merten emphasised its correlation with money supply dynamics.

The analyst's perspective contrasts with discussions set to take place at the upcoming Benzinga's Future of Digital Assets conference, where industry leaders will examine the intricate link between global financial systems and the burgeoning world of cryptocurrencies.

Bitcoin's value should increase as more money is printed, Merten said, indicating that it is a hedge against money debasement.

The value of Bitcoin should be impacted through monetary contractions, and may decline in value during periods of monetary contraction.

At Benzinga's exclusive event, Future of Digital Assets, you will meet and engage with transformative Digital Asset and Crypto business leaders and investors.