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CryptoQuant CEO Issues Warning to Investors Amid Bitcoin Surge

CryptoQuant CEO Issues Warning to Investors Amid Bitcoin Surge

Cryptodnes2024/11/07 04:44
By: Cryptodnes
BTC+0.47%

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.

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.
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