The David Lin Report · Wednesday, July 1, 2026
Richard Teng agrees that capital flows between asset classes, noting that periods of high interest in tech can lead to temporary liquidity shifts away from crypto. He cites research showing correlation between S&P and Nasdaq all-time highs and crypto outflows, attributing this to natural market reassessments of valuation and growth potential.
“It happens. Every time, uh, an asset class becomes hot or popular, you then to see funds flowing into that asset class. It happens throughout the history of investment markets. So this is something that's quite natural.”
“You know, every time, you know, S&P, Nasdaq reach all-time high, they probably take away some liquidity from the crypto market.”
“And, you know, the money will flow accordingly based on what people and investors perceive as undervalued, has having greater potential for growth going to the future. So money will continue to adjust and flow itself, right?”