Bitcoin and the altcoin markets seem to be primed for a long bull run. Many experts, including Peter Brandt, have been using the word ‘parabolic’ to describe the bullish action that is about to take place.
Bitcoin takes aim at $100,000 target. $btcusd is experiencing its fourth parabolic phase dating back to 2010. No other market in my 45 years of trading has gone parabolic on a log chart in this manner. Bitcoin is a market like no other. pic.twitter.com/wE4j3riMgI
— Peter Brandt (@PeterLBrandt) June 22, 2019
And Brandt is not the only one calling this market a one of a kind chance to earn wealth. With a six-figure Bitcoin on the minds of many, the average person will most likely never encounter a better investment that they can find in cryptocurrency right now.
Balaji S. Srinivasan, the former CTO of Coinbase, thinks that buying Bitcoin is the best way to go for the current market trend.
Buying BTC in crypto is a little like buying Vanguard in traditional equities. It’s empirically possible to get higher returns for a while by pursuing another strategy. Many people try it. And there are folks who truly beat the market. But most people should just buy Bitcoin.
— Balaji S. Srinivasan (@balajis) June 22, 2019
Srinivasan also sees potential all over the altcoin markets. He thinks disruptive technology will grow from all parts of the blockchain space. But Srinivasan argues that everything is supported in the original digital asset, Bitcoin.
As the crypto markets embark on a possible huge run, a lot of faces on social media are urging folks to get some skin in the game. Fear that you can’t afford a whole BTC should not deter you.
Alex Moskovski has advice for those wondering how to go about entering the market and making crypto investments.
“Buying BTC, dollar-cost averaging, forgetting about it for several years. This is the soundest strategy for most people.”
The sentiment in the space seems to be that the cryptocurrency world is much more prepared for a monster run than when the markets ran wild in 2017. This time around, the prices will be backed by budding startups offering great blockchain products. With experts casually dropping the word parabolic, it seems like this bull run is one to watch out for.
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of ZyCrypto.com. None Of The Information You Read On ZyCrypto Should Be Regarded As Investment Advice, Every investment and trading move involves risk, you should conduct your own research when making a decision.