🔸Dan Morehead, the founder of crypto-oriented investment firm Pantera Capital Management, says now it’s a good time to buy Bitcoin and other cryptocurrencies.
🔸“Get invested now so that in three, four, five months when the institutional, quality-regulated custodians that we're hearing about come online, they'll already have their positions,” he added.
🔸According to Morehead, investors could buy a cryptocurrency once it breaks its 230-day moving average, which is a technical indicator, and hold it for one year. This might generate an average 239% return, he says.
That's right. Now is the right time to buy bitcoin while it is undervalued. Make phased purchases up to the lowest price. Save at least 3 to 10 years, and we will feel the best results. And do not forget, use your investment funds only a maximum of 10% of your total capital.