Robert Steinadler, 10 months ago
Buy when there is blood in the streets even if it’s your own. That is one of the most iconic proverbs that is told to beginners when they start trading. It is often used to encourage investors to act when the market is going through a difficult time since the biggest opportunity is often created when asset prices are exploring new lows. It is hard to stick to that plan and invest while uncertainty is spreading among investors and within many crypto communities.
But there are also professionals active in the market and they are pretty outspoken about what they do and why they are still seeking exposure to an investment in crypto.
Anthony Sacaramucci is one of the more famous and outspoken investors in Bitcoin and the broader crypto economy. Skybridge Capital, his investment firm, kept buying during the recent sell-off.
The reason why the market kept crashing down since the beginning of this week is the fact that US inflation printed a new record in May. Most investors believe that the Fed has to increase interest rate faster and expect a hike of at least 75 basis points. Another factor that destroyed the trust of many investors is the fact that Celsius had to freeze customer funds to ensure liquidity. Should the lending service face bankruptcy, the market could face the second major incident after Terra within a very short time.
SkyBridge Capital as well as Sacaramucci weren’t fazed one bit by the recent crash and the lingering danger that the Fed will melt down the market. In an interview with CNBC, he revealed the reason behind his decision and his strategy.
Instead of heavy exposure, he suggested that clients should invest, and between 1 % and 3 % of their portfolio should consist of top cryptos like Bitcoin and Ethereum. According to his theory Bitcoin as well as Ethereum are becoming a part of the future that might develop over a longer period of time the same way as Amazon stock did several years ago.
He also compared the current crash with the bursting dot-com bubble in 2000. This is why he believes that assets like Bitcoin could still rise from the ashes and create a great opportunity for investors who are willing to take the risk and wait patiently for the market to recover. However, he also warned that the risks that are involved currently are not to be underestimated.
Mar 30, 2023
There are true believers out there who think that the world can be saved with and through Bitcoin. Some argue that they are completely out of their minds while others listen and try to figure out if this perspective reveals at least an ounce of truth. Sticking to the narrative that many Bitcoiners are following, the truth is that institutions like the ECB have become obsolete and do more harm than good.
Mar 29, 2023
Zero-knowledge (ZK) proofs have been tested on Ethereum and they are an exciting new idea that can also improve Bitcoin. A non-profit organization from Switzerland based in Zug is one of many other organizations that is working currently on making ZK-proofs available on Bitcoin. According to several media reports, they finally had a breakthrough in delivering the technology. Let’s take a look at what ZeroSync has developed for Bitcoin.
Mar 27, 2023
MicroStrategy has done it again! The company bought Bitcoin and while this doesn’t come as a surprise, the circumstance of the recent move is remarkable. Many critics have pointed out that investment in Bitcoin is risky. Most recently, the market proved that banks can be more volatile than Bitcoin. MicroStrategy took advantage of this fact and made another strong move that drove media attention to the company.
Mar 27, 2023
Tim Draper is well-known for his conviction about Bitcoin. The billionaire bought 30,000 BTC in 2014 during the Silk Road Bitcoin auction. An investment that turned out to be fruitful, to say the least. Because of his conviction, Draper is more than biased when it comes down to the mother of all cryptocurrencies. On the other hand, his success can be interpreted as an indicator that Draper might know a thing or two that other investors don’t. Recently, Draper advised on how business owners and managers should deal with the banking crisis.
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