Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
CryptoQuant CEO Issues Warning to Investors Amid Bitcoin Surge

CryptoQuant CEO Issues Warning to Investors Amid Bitcoin Surge

CryptodnesCryptodnes2024/11/07 04:44
By:Cryptodnes

Donald Trump’s return to the U.S. presidency has sparked a notable surge in Bitcoin and other cryptocurrencies, with many predicting further growth.

Bitcoin is now eyeing new price targets, with $80,000 and $100,000 in sight by the year’s end. However, not everyone shares the same optimism.

Ki Young Ju, the CEO of CryptoQuant, offers a cautious perspective. He believes that while Bitcoin’s price could see an uptick, investors should start considering selling their holdings gradually.

New investors often hold $BTC through bear markets, enduring losses.

After about two years, it changes hands when pain eases. That time is now.

It could go up +30-40% from here, but not like the +368% we saw from $16K. Time to consider gradual selling, not all-in buying, imo. pic.twitter.com/hXRT6YBsxS

— Ki Young Ju (@ki_young_ju) November 6, 2024

Ju highlights that newer investors, who bought in during bear markets, may now feel less pressure as their losses shrink. He warns that while a 30-40% price jump is possible from current levels, it won’t compare to the massive 368% rally seen when Bitcoin climbed from $16,000.

READ MORE:
Crypto Markets Surge After Donald Trump Wins U.S. Election

In his analysis, Ju advises that it might be time to sell in increments rather than committing to a full purchase, suggesting that holding for too long might expose investors to unnecessary risks as the market continues to stabilize.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Will Dogecoin (DOGE) Continue Its Rise? Two Experienced Analysts Evaluated and Announced Their Price Predictions!

Analysts said Dogecoin could rise even higher.

Bitcoinsistemi2024/11/07 06:22

Ripple Made a Statement After Donald Trump’s Election as President – CEO Garlinghouse Demands 4 Matters from Trump

Ripple officials released a statement via X after Donald Trump was announced as the 47th President of the United States.

Bitcoinsistemi2024/11/07 06:22