As we are 5 months closers to Bitcoin halving, a 5-year historical event, expectations that the price of BTC will rise is high on the ramp.
However, one of the prominent market experts and Bitcoin’s biggest boosters, co-founder and partner at Morgan Creeks Digital, Anthony Pompliano, has dropped important Bitcoin messages for the public as we are roughly 5 months away from the halving event.
The messages which are 7 in number, talked about the present status of Bitcoin, what could happen to investors, how best to invest, and how they should not buy BTC.
While warning investors to be wary of the market, Pompliano identified that they should remember that Bitcoin is a very volatile asset.
The expert, whose messages on Twitter are seen as inspirational quotes for heavy bag hodlers, warned that investors should only invest in “what is ok to lose” because they can lose their entire money anytime.
While it is widely known that Bitcoin is highly unpredictable, Pompliano urged investors not to take Twitter messages as investment advice but should rather do their own concrete research.
Anthony added: “Don’t buy BTC with credit cards. Keep low time preference.”
Important message ~ 5 months before the Bitcoin halving:
– BTC is very volatile
– You can lose all of your money
– Only invest what is ok to lose
– Twitter is not investment advice
– Don't buy BTC with credit cards
– Keep low time preference
– Do your own research
— Pomp 🌪 (@APompliano) January 5, 2020
Greek-British Bitcoin Advocate Believes Bitcoin will Crash Hard after Financial Crisis
Greek-British Bitcoin advocate Andreas Antonopoulos who is a host on the Let’s Talk Bitcoin podcast has in an interview with WhatBitcoinDid claimed wishing for financial crises with the expectation that Bitcoin will rise is like testing the durability of a lifeboat.
He said people fail to understand that financial crises also affect the crypto market negatively in a very big way.
“The reason it will crash hard is because a lot of the venture capital corporates investments and private investment from individuals that is based on cheap money […] will dry up. When people get scared, when there is a recession like that, they pull back their investments and they’re gonna pull back from crypto too.”