Crypto Could Gain as Tech Shares Slide

DeFiance Capital's CEO says weakness in U.S. technology and AI stocks may favor digital assets over the next six months.

Updated on Nov. 1, 2026 in Investing

Live Poll

Are you planning to move any investment money from stocks into crypto this year?

The Nasdaq-100 fell 1,017.66 points, or 3.46%, on Friday, October 30, closing at 28,384.85 at 4 p.m. ET. DeFiance Capital CEO Arthur Cheong forecast that the technology and AI share weakness may benefit crypto over a six-month horizon.

Why it matters

A sharp pullback in large technology stocks can prompt investors to reassess their allocations across asset classes. Cheong's outlook suggests some capital could rotate toward digital assets while tech shares lag.

The Nasdaq-100 fell 3.46% on October 30, 2026, dropping 1,017.66 points to close at 28,384.85. The source provides no comparator period, and it remains unclear whether the sell-off will extend beyond a single session.

The players

Arthur Cheong

Arthur Cheong is the CEO of DeFiance Capital, a crypto-focused investment firm that made the forecast linking tech share weakness to digital asset demand.

The details

DeFiance Capital CEO Arthur Cheong said weakness in U.S. technology and AI shares may benefit crypto over six months. He projected that crypto-focused investors may allocate to digital assets again while technology shares lag.

October 30, 2026: Nasdaq-100 fell 3.46%, closing at 28,384.85 at 4 p.m. ET.
Six-month horizon: Cheong's forecast of a possible crypto tailwind from tech share weakness.

Market Dynamics

The October 30 drop in the Nasdaq-100 frames a possible shift of capital from technology equities toward crypto assets over the coming months. Whether that rotation materializes will depend on how the broader tech selloff develops.

Investors holding large technology or AI positions may see their portfolio values move with the index, and a crypto allocation shift would change exposure for those who rebalance. The source offers no specific guidance on allocation percentages or timing.

The takeaway

Single-day index moves and forecasts about where capital will flow are different things, and investors should weigh a six-month projection against their own time horizon and risk tolerance before rebalancing.