{"id":543104,"date":"2023-01-24T20:30:00","date_gmt":"2023-01-24T17:30:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/nicholas-merten-of-datadash-predicts-a-cold-winter-for-the-crypto-market\/"},"modified":"2023-01-24T20:30:00","modified_gmt":"2023-01-24T17:30:00","slug":"nicholas-merten-of-datadash-predicts-a-cold-winter-for-the-crypto-market","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/nicholas-merten-of-datadash-predicts-a-cold-winter-for-the-crypto-market\/","title":{"rendered":"# Nicholas Merten of DataDash predicts a &#8216;cold winter&#8217; for the crypto market"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a403a4257f6b\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a403a4257f6b\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/nicholas-merten-of-datadash-predicts-a-cold-winter-for-the-crypto-market\/#%E2%80%9D_Nicholas_Merten_of_DataDash_predicts_a_%E2%80%98cold_winter_for_the_crypto_market_%E2%80%9C\" >&#8221; Nicholas Merten of DataDash predicts a &#8216;cold winter&#8217; for the crypto market &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Nicholas_Merten_of_DataDash_predicts_a_%E2%80%98cold_winter_for_the_crypto_market_%E2%80%9C\"><\/span>&#8221; Nicholas Merten of DataDash predicts a &#8216;cold winter&#8217; for the crypto market &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-5a4050f8>Nicholas Merten, a crypto trader and the creator of the <em>DataDash<\/em> <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">YouTube<\/a> channel, joined Cointelegraph\u2019s <em>Crypto Trading Secrets<\/em> podcast for an interview with host Benjamin Pirus, discussing a number of topics, including his opinions on the state of the crypto market. \u201cI think that right now, we\u2019ve been going through what can only be seen as a period of consolidation,\u201d he said when asked about his thoughts on the price of Bitcoin (BTC) as of Jan. 9, the date of the interview.<\/p>\n<p>Bitcoin largely traded sideways for part of November and most of December. January, however, has seen the asset rise from below $17,000 to above $23,000. Looking back at Bitcoin\u2019s price chart shows the asset near the beginning of its ascent on Jan. 9, sitting in the low- to mid-$17,000 range. <\/p>\n<p><template data-ct-widget=\"buzzsprout\" data-buzzsprout-podcast-id=\"2095786\"><\/template>Merten noted that he likes to look at the big picture. \u201cI 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,\u201d he explained, adding:<\/p>\n<blockquote><p>\u201cThe damage that was done by companies like FTX and Celsius, Three Arrows Capital, the whole fiasco with LUNA, is really going to leave an irreversible scar on the industry, and I think we need to understand not only how that contagion continues to play out but that it\u2019s playing out in this little micro space within crypto. And when we really step out into the macro perspective, the big-picture view, we really start to see with inflation, global supply chain issues, that crypto is not going to be the leading asset class for some time.\u201d<\/p><\/blockquote>\n<p>Throughout 2022, the crypto and blockchain space faced difficult times, seeing the collapse of multiple industry players. Industry hedge fund Three Arrows Capital and lending outfit Celsius both went bankrupt in 2022. Digital asset exchange giant FTX, crypto project Terra \u2014 with its LUNA and TerraUSD (UST) assets \u2014 and others also fell during the year, causing ripple effects in the crypto space.<\/p>\n<p>\u201cI say that as someone who got into crypto around 2016, 2017, who really rode the wave of the last decade in stocks and crypto,\u201d Merten continued. \u201cI think we need to understand that the end of that secular bull market where times were good, quantitative easing was fresh, there was lots of money being injected into the economy propping up asset evaluations \u2014 I think those times are unfortunately over, and we need to prepare for a cold winter where eventually we can start to look for some signs on bottoming.\u201d<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-01\/1e1afde4-7de9-4d16-998a-3f7ff3a4dd50.jpg\"><\/figure>\n<p>Merten also answered an array of other questions during the interview. Check out the episode and other episodes from Cointelegraph\u2019s <em>Crypto Trading Secrets<\/em> podcast on Cointelegraph\u2019s podcast page, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/podcasts.apple.com\/us\/podcast\/crypto-trading-secrets\/id1659011738\">Apple Podcasts<\/a>, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/open.spotify.com\/show\/35pGCmJHXavmAuixlHidFR\">Spotify<\/a>, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/podcasts.google.com\/feed\/aHR0cHM6Ly9mZWVkcy5idXp6c3Byb3V0LmNvbS8yMDk1Nzg2LnJzcw==\">Google Podcasts<\/a> and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/tunein.com\/podcasts\/Business--Economics-Podcasts\/Crypto-Trading-Secrets-with-Benjamin-Pirus-p3083471\/?topicId=225031379\">TuneIn<\/a>.<\/p>\n<p class=\"post-content__disclaimer\">The views, thoughts and opinions expressed here are the authors\u2019 alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.\n<\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/nicholas-merten-of-datadash-predicts-a-cold-winter-for-the-crypto-market\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Nicholas Merten of DataDash predicts a &#8216;cold winter&#8217; for the crypto market &#8220; Nicholas Merten, a crypto trader and the creator of the DataDash YouTube channel, joined Cointelegraph\u2019s Crypto Trading Secrets podcast for an interview with host Benjamin Pirus, discussing a number of topics, including his opinions on the state of the crypto market&#8230;.<\/p>\n","protected":false},"author":1,"featured_media":543105,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2023-01\/266dee6b-32b3-473c-8862-2609eab25164.jpeg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74863,75360],"class_list":["post-543104","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-cryptocurrencies","tag-podcast"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/543104","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=543104"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/543104\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/543105"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=543104"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=543104"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=543104"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}