Opinion: No Best Time to Invest in Bitcoin
Major crypto trader and coin holder Zhao Dong expressed his opinion that the next 15 months is a golden time for investing in bitcoin, and in general in this asset class. 8btc writes about it.
Therefore, according to a major player in the crypto market, it is the bear market, which has dragged on for a long time, that makes it possible to use all undervalued digital assets in long-term investments.
Zhao Dong explains:
“Current value investors are not in vain choosing the bear market to select undervalued projects in order to profit from them. Naturally, this does not mean that you need to buy good coins for a penny. The market participant needs to hold their coins for the long term.”
According to the investor, it takes about three years to hold (hoddle) undervalued cryptocurrencies in the portfolio.
He also added:
"The next 15 months is a golden time to start investing in bitcoin and other crypto assets. A value investor needs to track down undervalued projects that are of high quality, purchase their coins, and hold onto them for three years until the bulls join the market.”
The well-known analyst Tom Lee, during his interview with CNBC, drew attention to the correlation between the crypto market and emerging economies, noting that due to this, the growth of digital assets may begin at the end of the year.
The Satis Group research team is very optimistic about the future of Bitcoin. In its latest release, important forecasts of digital assets are described, in one of them, researchers believe that in 2028 one BTC coin will cost $144,000.
Recently, the BIS Bank published a report where experts report that the events on the regulation of BTC and the market in general have a very significant impact on the price of cryptocurrency assets.
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