Good Asset, Bad Buy? Analysts Warn Price Alone Doesn’t Equal Value

• 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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