DeFiance Capital CEO Arthur Cheong sees a six-month window in which crypto investors may reconsider digital assets as U.S. tech and artificial intelligence shares weaken.
He described a scenario in which people focused on crypto might put money into digital assets again if technology stocks lag. His remarks offer no confirmation that investors have acted on the idea.
The Nasdaq-100 finished Friday, Oct. 30, at 28,384.85, a loss of 1,017.66 points, or 3.46%. That close describes equities; it does not identify where money went. Cheong’s comments came without a figure for crypto inflows or allocations.
