Oksana Koneva

Stress on NVIDIA could negatively impact bitcoin due to cross-ownership links, Pierre Rochard notes

Stress on NVIDIA could negatively impact bitcoin due to cross-ownership links, Pierre Rochard notes
NVIDIA stress linked to bitcoin via investors

Pierre Rochard, CEO of The Bitcoin Bond Company, stated that bitcoin is the preferred global monetary asset among tech investors. He argued that cross-ownership between tech equities, such as NVIDIA, and bitcoin means that stress on NVIDIA's stock could have a negative effect on bitcoin, whether this is due to investors selling to cover margin loans or to rebalance their portfolios.

Rochard has previously commented that short-term trading algorithms in bitcoin often react to hawkish Federal Reserve narratives, though he maintains that bitcoin's fundamentals remain unchanged, according to a prior statement. He has also questioned why data centers have lost ground in popularity compared to bitcoin mining, as discussed in a separate analysis. These topics continue to inform his outlook on the intersection of technology and crypto markets.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.