🔸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.
I would say that this is not something complete BS. Since the market is pretty low right now.
And if we believe that we are going to have a second and much bigger BUL RUN as in the case of stocks in the past, then yea, buying is a good option.
But keep in mind noone,noone know what will happen in the future. Everyone is just trying their best to aproximate.