The Benefits of Cryptocurrency Volatility for Long-Term Investors
"Many well-known billionaire investors buy assets in the traditional financial market during a drawdown, and the cryptocurrency market is no different. In fact, price volatility can be a powerful investment strategy,"
said Devere Group CEO.
Green believes that large retail and institutional investors will take the turbulence in stride, much as they would in any other market. He points out that over the past few years, Bitcoin has remained one of the best asset classes.
"Many well-known billionaire investors buy assets in the traditional financial market during a drawdown, and the cryptocurrency market is no different. In fact, price volatility can be a powerful investment strategy," said Green.
In March, Green predicted that the BTC rate could surpass $50,000, and his forecast proved to be partially correct - Bitcoin reached $48,000 at the end of the month. Last year, he suggested that within five years, ETH would be able to surpass other cryptocurrencies in terms of market capitalization.
In conclusion, while the volatility of the cryptocurrency market may be unnerving to some investors, it can actually provide an opportunity for those with a long-term investment strategy. By purchasing crypto assets at a lower price during periods of instability, investors can diversify their portfolios and potentially reap significant rewards in the future.