LD Capital founder says now is the optimal time to buy spot crypto

Jack Yi, the founder of LD Capital, stated on X that the recent Bank of Japan interest rate hike was the last major headwind for the cryptocurrency market, which he expects will resume its upward trend after a short-term correction. He described the latest volatility as a final offensive by short sellers in the futures market. For those focused on long-term investment rather than short-term trading, Yi argued that now is the most suitable time to buy spot cryptocurrencies. He predicted the industry will experience significant growth next year, driven by policy shifts, a quantitative easing cycle including interest rate cuts, and wider blockchain adoption. Yi emphasized that investors must tolerate volatility in the hundreds of dollars to achieve gains in the thousands.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments