News > Nifty unlikely to fall below 15K; cryptos will collapse one day: Rakesh Jhunjhunwala

Nifty unlikely to fall below 15K; cryptos will collapse one day: Rakesh Jhunjhunwala

Economic Times | 02/02/2022 09:55 PM | Click to read full article

Ace investor Rakesh Jhunjhunwala on Wednesday said he expects the crypto market to collapse, but that won't impact the equity market in a big way.

The Big Bull said the investor class of equities and cryptocurrencies is completely different from each other and cryptos will collapse one day. At present, what we are seeing is a meltdown in hyped value stocks and not IT, he said, adding that it is highly unlikely that Nifty50 will go below the 15,000 mark.