"Buy when the cannons thunder ..." is an old mantra on the stock market. In the short term, this can only be indirectly transferred to the current crypto market. The currencies are always extremely volatile and on crash days you can quickly fall into the falling knife. Looking at the price developments in the medium term, you get the Bitcoin currently relatively cheap compared to December. In addition, the Bitcoin has repeatedly tested the region for $ 10,000, Ethereum is currently around 25 percent below the record. At IOTA, the discount is even 60 percent. A hedge fund manager has now stated that it is the best time to get started.
BK Capital Management founder Brian Kelly said at CNBC that now everyone would write off the bitcoin and for the countless times it is predicted its downfall, it's time to buy.
According to Kelly, "flow" continues to be in the crypto market and money will continue to flow into the market. However, given the high volatility, he urges anti-cyclical action.
"When we talk about bitcoin being up at $ 20,000, everyone is running around," he said. "Those are the times to be a little cautious."
IOTA in the chart check:
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