tells<\/a> his 512,000 YouTube subscribers that Bitcoin could decline by more than 60% from its current value if Apple\u2019s market cap continues to decline.<\/p>\nAccording to Merten, a plummeting Apple market cap will cause Bitcoin, as well as other equities, to collapse along with it. Apple reached a $3 trillion market cap in July but has declined to $2.79 trillion at time of writing.<\/p>\n
\u201cWe can\u2019t live in some fantasy world where if Apple is contracting from a $3 trillion company to a $1.5 trillion company that that is not going to have some impacts on Bitcoin. And I got to tell you\u2026 that that will have a bigger impact on Bitcoin than any halving event, any Bitcoin ETF, any narrative you can think of. <\/em><\/p>\nIf that scenario plays out, I\u2019m not saying it\u2019s a guarantee, but I think it\u2019s a likely scenario. If that plays out, you can easily see Bitcoin coming down here to new lows at around $10,000 to $12,000\u2026\u00a0<\/em><\/p>\nThere\u2019s a reason when Apple drops $200 billion in market cap we got to listen to that. Those small percentage declines, while they seem small, are magnified when you consider Apple\u2019s valuation and the weighted impact it\u2019s going to have on other equities like Microsoft, the FANG (Facebook, Amazon, Netflix and Google) stocks, and even the broader stock market as a whole and even cryptocurrencies, from Bitcoin to your favorite altcoins.\u201d <\/em><\/p>\nBitcoin is trading for $25,890 at time of writing, down 1.6% in the last 24 hours.<\/p>\n