Once a senior bitcoin Jaing Zhuoer, CEO and co-founder of BTC.TOP, one of the mining pools, talked about how DeFi technology can help protect from the inflation wave in the world and stated that a “perpetual bull state” for Bitcoin would be dangerous.
“Probability of a Deep Bear Market Has Dropped for Now”
In his post on Medium, Zhuoer said that the probability of a deep bear market is low, so a passive holding strategy in the medium term may be the most profitable tactic.
In addition, Zhuoer said that with the increasing adoption of DeFi protocols, it may be wise to borrow coins by collateral and not sell them. According to the famous CEO, this tactic may become important especially if the value of fiat currencies increases.
“The Persistent Bull Situation in Bitcoin Is Not Good”
Jiang Zhuoer, who is a pro-Bitcoin, however, avoids calling himself a “constant bull”. According to the analyst, although the probability of protracted bear markets is now low, market rules still apply.
However, Zhuoer said that all of these views were great. cryptocurrencies He stated that it does not mean that he thinks that there will be a continuous price increase for the company. According to the famous CEO, such an approach can be dangerous:
“Those who advocate a permanent bull market do not even have the most basic understanding of economics and finance.”
If your #cryptocurrency position is temporarily underwater, it will eventually turn profitable, but you will regret missing the #Bitcoin boat if you don’t invest today. 🚀
Read more 👇:https://t.co/rmCLHNYNBl
— Jiang Zhuoer BTC.TOP (@JiangZhuoer) March 4, 2022
In addition, Zhuoer, in his post on Twitter, said that those who are currently at a loss in their crypto currency positions are likely to recover their losses in the future, and those who do not currently invest in Bitcoin will regret it in the future.
*Not investment advice.