It is called the dollar cost average (DCA) and is recommended because it is effective. bitcoin investment technique is still on the agenda. Former Twitter CEO Jack Dorsey drew attention to this technique in a recent post. While responding to a question asked by user @Utxo on Nostr, a decentralized social network, Dorsey confirmed that he makes monthly Bitcoin purchases.
This comment specifically received over 9,400 Satoshis, approximately 0.000094 Bitcoins, on the Nostr protocol, which enables payments using Bitcoin’s Lightning Network. Jack Dorseyannounced that it launched Nostr as an alternative to Twitter, after high censorship on the social media platform.
Jack Dorsey Web3 He left Twitter to focus on developing the Bitcoin network through a suite of protocols. The tech billionaire believes in the power of the Bitcoin lightning network to transform the payments industry, which is clogged with slow and expensive transactions.
Will Bitcoin Price Jump?
The BTC market has managed to gain support from institutional investors and global regulators. Moreover, the largest digital assets by market capitalization do not have a central management team similar to the rest of crypto assets. This is one of the most important features that distinguish it from other assets. The SEC and other US regulators consider all crypto assets, except BTC, to be unregistered securities.
However, many cryptocurrency The analyst unanimously agrees that the Bitcoin price will not go parabolic into the price discovery zone until after the halving of next year. Meanwhile, BTC volatility is expected to push the asset in both directions and mostly horizontal consolidation is predicted.
You can follow the current price action here.