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2021-07-20
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David Tice Turns Bearish On Bitcoin And Big Tech: It's Very Dangerous To Hold Today
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I think it’s very dangerous to hold today.”</p>\n<p>Tice isn’t convinced that equity markets will hold up either and stated that he thinks a “market meltdown is unavoidable.”</p>\n<p>In his view, Big Tech stocks like <b><a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc</b> ,<b><a href=\"https://laohu8.com/S/AAPL\">Apple</a> Inc</b> ,<b><a href=\"https://laohu8.com/S/AMZN\">Amazon.com</a> Inc</b>,<b><a href=\"https://laohu8.com/S/NFLX\">Netflix</a> Inc</b>, and <b><a href=\"https://laohu8.com/S/GOOG\">Alphabet</a> Inc</b> are overvalued.</p>\n<p>“A lot of money has been thrown at <a href=\"https://laohu8.com/S/GOOGL\">Alphabet</a> and <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>, Apple and Facebook, <a href=\"https://laohu8.com/S/TWTR\">Twitter</a>, etc.,” he said. “Costs are going up in that sector.”</p>\n<p><b>Why It Matters:</b>Tice is not the only fund manager to present his bearish outlook on crypto markets this month.</p>\n<p>Last week, famous gold bull Jeffrey Gundlach toldCNBCthat the Bitcoin chart “looks pretty scary here.”</p>\n<p>However, Gundlach noted that a buying opportunity under $23,000 could present itself to those who weren’t phased by the cryptocurrency’s extreme volatility.</p>\n<p><b>Price Action:</b>At press time, Bitcoin was trading at $31,300, down 1.42% over the past 24-hours.</p>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDavid Tice Turns Bearish On Bitcoin And Big Tech: It's Very Dangerous To Hold Today\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-20 09:13 GMT+8 <a href=https://www.benzinga.com/markets/cryptocurrency/21/07/22037804/david-tice-turns-bearish-on-bitcoin-and-big-tech-its-very-dangerous-to-hold-today><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>What Happened:Fund manager David Tice is bearish on the current outlook for both equity markets and crypto.\nIn an interview withCNBC, Tice cautioned investors to be wary of their Bitcoin holdings, ...</p>\n\n<a href=\"https://www.benzinga.com/markets/cryptocurrency/21/07/22037804/david-tice-turns-bearish-on-bitcoin-and-big-tech-its-very-dangerous-to-hold-today\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.benzinga.com/markets/cryptocurrency/21/07/22037804/david-tice-turns-bearish-on-bitcoin-and-big-tech-its-very-dangerous-to-hold-today","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1118132702","content_text":"What Happened:Fund manager David Tice is bearish on the current outlook for both equity markets and crypto.\nIn an interview withCNBC, Tice cautioned investors to be wary of their Bitcoin holdings, calling the current market \"dangerous.\"\n“We had a bitcoin position when bitcoin was at $10,000,” Tice said. “However, when it got to $60,000 we felt like that was long in the tooth… Lately, there’s been a lot more uproar from central bankers, Bank for International Settlements [and] the Bank of England have made profound negative statements. I think it’s very dangerous to hold today.”\nTice isn’t convinced that equity markets will hold up either and stated that he thinks a “market meltdown is unavoidable.”\nIn his view, Big Tech stocks like Facebook Inc ,Apple Inc ,Amazon.com Inc,Netflix Inc, and Alphabet Inc are overvalued.\n“A lot of money has been thrown at Alphabet and Microsoft, Apple and Facebook, Twitter, etc.,” he said. “Costs are going up in that sector.”\nWhy It Matters:Tice is not the only fund manager to present his bearish outlook on crypto markets this month.\nLast week, famous gold bull Jeffrey Gundlach toldCNBCthat the Bitcoin chart “looks pretty scary here.”\nHowever, Gundlach noted that a buying opportunity under $23,000 could present itself to those who weren’t phased by the cryptocurrency’s extreme volatility.\nPrice Action:At press time, Bitcoin was trading at $31,300, down 1.42% over the past 24-hours.","news_type":1},"isVote":1,"tweetType":1,"viewCount":344,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":19,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/171233309"}
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