Experts urge cryptocurrency traders to sell Bitcoin and buy gold after the BTC rebounds
Recently, CNBC's financial experts suggested that investors ignore the "encrypted cheerleading team", but invest in gold.
After Bitcoin reached $ 23,000 on Monday, after 35%of the past 30 days, financial experts proposed urgency.
Cryptotwitter and financial market traders have laughed at the unreliable investment advice of financial experts in the past.
After Bitcoin continued to rise more than $ 23,000, financial experts suggested that cryptocurrency traders buy gold.
Although Bitcoin has recently soared, CNBC's financial experts suggest that cryptocurrency traders sell their assets and buy gold.
It soared to $ 23,000 than Tycoe on Monday, and then announced at the US Federal Reserve Commission that it might have fallen sharply due to signs of inflation.
CNBC's financial experts call on investors to ignore the "encrypted cheerleading team" during the Bitcoin rebound and find "real hedging" against inflation through purchasing and holding gold.
Of course, you can have Bitcoin directly in decentralized wallets -this can protect you from trading risks -but if you want to use it to do anything, the risk returns to the desktop. As FTX's customers know, this may be devastating. On the other hand, gold is the opposite.
Subsequently, he compared the Bitcoin and Nasdaq 100 index futures charts from 2021 to January 2023, pointing out that these two indexes were developing in the same direction.
CNBC's financial experts believe that Bitcoin is just a risk asset and should not be called currency or value storage means.
Bitcoin fear and greed index is 55
Thanks to the strong recovery of Bitcoin prices, the Bitcoin fear and greed index that fell into an extremely fearful area in the last two months of 2022 rebounded strongly from the beginning of the New Year. This is a multi -factor encrypted market analysis to analyze the emotions of market participants. It achieves this by calculating multiple indicators, including the volatility, market momentum, transaction volume and social media emotions of specific cryptocurrencies (in this article). The fear and greed index of Bitcoin are in the edge area of greedy, because the price of BTC has already recovered strongly, and it seems to continue!
Bitcoin holder data: More than 59%of the holders are now profitable!
According to the data -only about 36%of the holders' Bitcoin investment price is lower than their purchase price. In addition, about 61%of people are in a profit state, which means that they are still holding some unrealized book returns, while the remaining 3%are in a state of income and expenditure balance. This shows that the recent rise in BTC prices has brought many investors and holders to return to green.
Some experienced cryptocurrency traders described the latest soaring Bitcoin as a strong rebound. It is expected that the cryptocurrency tokens will fall below $ 20,000, and then it may reach $ 15,000 or lower.