Crypto KOL Ansem said market participants may no longer get a chance to buy at lower prices, arguing that the asset class has already gone through an extended period of weakness. In his post, he said crypto suffered what he described as the worst cross-asset underperformance in history while equities kept climbing, and that the market eventually bottomed under years of depressed industry sentiment. Ansem added that early crypto investors still waiting for a so-called four-year cycle bottom could wind up chasing the market after prices move higher. He also said crypto assets are becoming more attractive as traditional finance investors look to diversify allocations and hedge U.S. fiscal risk. The remarks were reported by Odaily.
Crypto KOL Ansem said, 「You won’t get lower prices again.」
Ansem argued that the crypto market had gone through what he called the worst period of cross-asset underperformance in history, even as stocks kept moving higher. He said the market ultimately found a bottom after years of weak industry sentiment.
He added that early crypto investors still waiting for a 「four-year cycle bottom」 may end up chasing the rally after prices rise. Ansem also said crypto assets are becoming increasingly attractive as traditional finance investors seek portfolio diversification and a hedge against U.S. fiscal risk.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
