Bloomberg analysts: Historical data shows that both BTC and US stocks have hit new highs after each pullback.

This article is machine translated
Show original

According to ChainCatcher, Eric Balchunas, senior ETF analyst at Bloomberg, wrote on the X platform that a fact that short sellers or pessimistic market enthusiasts may find hard to accept is that both traditional stocks and Bitcoin have historically maintained a record of recovering from significant pullbacks and ultimately reaching new all-time highs—a near-perfect record. Perhaps this time will be different, but for now, this is indeed an undeniable fact, which is why it's generally advisable to avoid blindly following the crowd during market downturns.

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