ביטקאָין ינוועסטמענט רעקווירעס אַ לאַנג-טערמין סטראַטעגיע, זאגט געוועזענער וואנט סטריט סטאַקבראָקער

Based on the back and forth experienced in the Bitcoin (בטק) market, a long-term approach is required when investing in the leading cryptocurrency, לויט to Jordan Belfort, a former Wall Street stockbroker.

Speaking on Yahoo Finance’s The Crypto Mile, Belfort opined that Bitcoin investment required a strategy beyond one or two years. He pointed out:

"אויב איר נעמען אַ דריי אָדער אפֿשר פינף יאָר האָריזאָנט, איך וואָלט זיין שאַקט אויב איר טאָן ניט מאַכן געלט ווייַל די אַנדערלייינג פאַנדאַמענטאַלז פון ביטקאָין זענען טאַקע שטאַרק."

Belfort added:

“With reasonable luck, I think if you take a 24-month horizon you’ll almost certainly make money.”

Belfort, who has transitioned to a sales coach, author, and public speaker, noted that it was just a matter of time before BTC emerged as a store of value based on its fixed supply of 21 million coins and heightened inflation. He noted:

“It has a limited supply, and as inflation keeps rising there will come a time when bitcoin will start to trade more like a store of value and less like a growth stock.”

Bitcoin has been trading on shaky grounds because tightened macroeconomic factors have been unfavourable. For instance, the leading cryptocurrency has been struggling to hold the psychological price of $20K, which is way below the all-time high (ATH) of $69K set in November.

BTC was up by 0.56% in the last 24 hours to hit $20,204 during intraday trading, according to קאָונמאַרקעטקאַפּ.

Since Bitcoin is still developing, Belfort believes this contributes to its correlation with tech stocks. He acknowledged:

“It doesn’t surprise me one bit that it is doing that and it would be more of a surprise if bitcoin was already trading as an inflation hedge because it is still very nascent.”

With macroeconomic factors and investor sentiments affecting both cryptocurrencies and stocks, a recent analysis showed that the most likely answer was that institutional investors were behind the scenes, בלאָקקטשאַין. נייַעס געמאלדן. 

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