Ignore volatility, hold for the long term
DeVere Group chief executive Nigel Green is one expert who reckons investors should “ignore the crypto deniers” and be in it for the long haul.
“The Bitcoin bashers, the crypto cynics, the digital deniers are out in force at the moment, trotting out the same old stale arguments about cryptocurrencies,” he said.
“However, investors who are focused on building their wealth for the long-term should ignore their tired rants. Instead, they should look at the data.”
Indeed, despite the price plunge the last couple of months, Bitcoin actually gained 71.25% over the 2021 calendar year.
“For the third consecutive year, Bitcoin has outperformed both stocks and gold.”