In response to questions on when there will be a reversal of the negative trends in the cryptocurrency market, Kris Marszalek, the CEO of crypto.com, a popular crypto trending platform, advised crypto investors on Thursday, September 22, to accumulate bitcoin over the next 6 months.
The past few months have been red for most cryptocurrency assets, as their value fell significantly. Bitcoin appears to be the most noticeable, as it fell from over $68,000 all-time high-value it reached on November 2021 and is currently trading at slightly about $19000, which is about a 78% decrease in its value.
Kris Marszalek made a Twitter thread in response to questions he’s been asked about when the crypto market bottom will be reached. The bottom refers to the time when a crypto asset is at its lowest price and is often considered a signal for reversal and the best time to purchase an asset.
According to him, accurate timing of the cryptocurrency market is tough to do, and no one can accurately predict when there will be a reversal.
Based on that, he advised crypto investors and others considering it as a means of investment to steadily accumulate crypto assets such as BTC and ETH over the next six months with a 3 -5 years investment horizon.
He noted that anyone who thinks they can time the bottom will get stuck in fiat or stable assets when the market turns.
In addition, Robert Kiyosaki, the author of Rich Dad Poor Dad, in an email to his readers, predicted the greatest market crash in history and touted cryptocurrency as a potential winner of the economic meltdown.
Kiyosaki predicted a long downturn but maintained his belief that bear markets are the optimum periods for investors to snag and generate significant returns.
He further stated that because cryptocurrency is unregulated by the government, it will become more widely accepted after the US dollar crashes in the current economic system, saying:
Now is the time you NEED to get into crypto, before the biggest economic crash in history.
Despite dismissing bitcoin as worthless on his radio show in May, “I trade bitcoin. But I don’t think it has any value. I just play the game.”
