“No one will get rich investing in Bitcoin ever again,” crypto analyst debates
While some have continued to increase their investments in Bitcoin due to their belief that the asset still has a long way to go in value, prominent crypto analyst Alex Krüger claimed otherwise. In one of his Twitter posts published on March 31, the analyst stated that “no one will get rich investing in Bitcoin ever again.”
“It’s not early. That boat has sailed. The only people who will get rich from bitcoin are those who sell Bitcoin services, Krüger added. This has sparked arguments and debates among the crypto community as many have disagreed.
Days of Investing in Bitcoin Are Over?
Although Krüger mentioned the statement was a social experiment to observe engagement in response to a polarizing absolute statement, he still stood by his words, saying “what I wrote still rings true. People shouldn’t be buy Bitcoin to be rich longer.”
According to Krüger, BTC is no longer an asset to buy as an investment, as the asset has advanced away from that category and is now more of a store of value. The cryptanalyst noted, “It [Bitcoin] the boat has sailed. Bitcoin is now for wealth preservationattractive risk-adjusted return, trading and hedging against the fiat system.”
When another user commented on the analyst’s post expressing his opinion that Bitcoin still has the potential to 10x, especially from the $15,500 region, the analyst responded saying that a 10x from the low “seems possible.” However, not so much from today’s market prices.
Analyst advice instead of bagging BTC
While Krüger tweeted his sentiment about Bitcoin, the analyst hinted at some advice investors should take into account instead bagging BTC. According to Krüger, investors should focus more on bagging cryptoassets that are more volatile than BTC.
Krüger noted:
The best way to increase returns is not to trade with higher leverage, but to trade assets with higher volatility. Smaller liquid capsules are more volatile. Microcaps are the most volatile.
The analyst further added that if he was just starting out, he would focus exclusively on decentralized finance (DeFi) microcaps, as “it’s much easier to do 100x on a small account with microcaps than with leveraged BTC trading.”
The analyst too so:
If I were to start over, I would focus entirely on DeFi microcaps. Heavy FA, some macro (for context), some TA (on BTC only, for context, never on microcaps), plus encoding for better/faster execution. Only long, uneven, diversified bets, no stops.
Meanwhile, over the past 24 hours, Bitcoin has hit a remarkable high and is down nearly 5% since then. As of yesterday, the asset climbed over $29,000. At the time of writing, however, the cryptocurrency appears to be gearing up for another rally, rising 0.5% to trade at $28,463.
Featured image from Shutterstock, chart from TradingView
