Matt D’Souza hedge fund manager believes patience is the key to success in investing in kryptowaluty. He stressed that it is especially important now, i.e. after halvingu.
Patience is a virtue
D’Souza, who is also a co-founder of and CEO Blockware Solutions says it’s not a good time to sell BTC. He referred to the situation four years ago.
He reminded that in 2016 Bitcoin it grew until halving, but then followed correction by up to 33 percent Eventually, however, a 17-month bull market began, which ended with a bubble and ATH at USD 20,000 at the turn of 2017 and 2018. Now, he thinks, “foundations Bitcoin [są tak dobre, że] have never been better. ”
So what does he think will happen with the course? Will there be a repeat in a 1: 1 scale for the 2016 and 2017 situation?
– I expect in 2020 [jeszcze] shallower correction than [ta, która miała miejsce] in 2016 (We have already corrected 20 percent) and only 1.5-3 weeks of its duration. It’s time to be patient and stop daytrading He explained.
Basics of BTC gain
Of course, D’Souza is sure that the BTC will benefit from the Fed “recklessly” prints money. He also says that 16 percent. miners have just turned off their excavators, which gives BTC a better growth base.
So he stands in line with eg Tim Draper, who believes that BTC will benefit from the recession that is just beginning.
In addition, hedge fund director Paul Tudor Jones said on CNBC that “Over 1%, maybe almost 2%” his funds are invested in Bitcoin-based futures. Thus, he confirmed what has long been rumored – that he entered the cryptocurrency market.
Current course You can always check Bitcoin and other cryptocurrencies in the tabs: course Bitcoin and cryptocurrency exchange rate on Bitcoin.pl. A place where you can buy Bitcoin and other kryptowaluty, include cryptocurrency exchange BitBay.net. If you don’t have a BitBay account yet, this article will show you how to create one efficiently: LINK.