Varney says crypto, stock market values not coming back anytime soon: 'Massive wealth destruction'

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FOX Business host Stuart Varney told “Fox & Friends” on Tuesday that he does not see how cryptocurrency value will make a comeback given the Federal Reserve’s policies on dealing with inflation. Varney said markets will come back but not anytime soon because the “wall of money” has stopped.

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STUART VARNEY: They may come back a little, but they’re not going to come all the way back. So that wealth that has been destroyed comes back itself. I don’t think so. For a start, you no longer have that wall of money coming into the crypto market and the stock market from the Fed and from Congress. And without that wall of money. I don’t see how they’re going to come all the way back, wealth destruction.

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