Spot Bitcoin ETF after approval BTC While it was falling, many speculations were put forward about the price. On the one hand, it is said that the decline in BTC will not continue, on the other hand, it is said that the decline will continue.
Speaking to CNBC as speculation about the price of Bitcoin increases Bernstein senior analyst Gautam Chhuganiadvised investors to buy Bitcoin.
At this point, Bernstein analyst advises investors Buying the Bitcoin dip and focusing on the “new Bitcoin adoption cycle” he suggested.
Reminding investors that they should think long-term about Bitcoin, the analyst said:
“Our simple advice to all investors is; buy the dip and focus on the new bitcoin adoption cycle.
“Given the upcoming upward movements in Bitcoin, small sales and declines are buying opportunities.”
Bernstein stated in a report published in November last year that he expected the Bitcoin price to reach $150,000 by 2025. Analysts led by Gautam Chhugani explained in the report that these predictions were due to optimism regarding the expected spot Bitcoin ETF approval.
Bitcoin At the time of writing, it continues to be traded at $ 42,770.
*This is not investment advice.
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