Deutscher warned that high-quality tokens can become poor buys if prices rise too far without better fundamentals.
Howard Marks emphasized that overpaying for any asset, even good ones, leads to poor investment outcomes.
Both experts stressed that true value depends on price alignment with fundamentals, not hype or brand
On June 17, crypto analyst Miles Deutscher posted a warning to investors on X, emphasizing that rising prices—even for high-quality assets—can reduce investment appeal if fundamentals stay the same.
Miles Deutscher Warns: Even Good Crypto Assets Can Become Bad Buys at High Prices
Deutscher wrote that an asset like $HYPE might offer strong value at $10 or even $30, but as its price climbs to $40 or $50 without a change in its underlying fundamentals, it becomes a weaker buy. “There will come a point where it becomes a ‘bad’ buy, despite being a good asset,” he said.
He also reversed the logic, explaining that low prices can make even poor-quality tokens look attractive.
The higher in price a quality asset goes, assuming fundamentals remain constant, the worse a buy it becomes.
i.e. $HYPE was a brilliant buy at $10, fantast…
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