THELOGICALINDIAN - Blockchain Capital accomplice Spencer Bogart is cool bullish on crypto appropriate now but absolutely thinks bitcoin amount could still abatement added due in ample allotment to affected affairs from new cryptocurrency funds
Spencer Bogart has provided addition acumen for the prolonged bear market, and one which abounding retail investors may not accept advised previously.
According to the Blockchain Capital partner, abounding of the new barrier funds which popped up during the cryptocurrency bang in 2024 are “hitting their one-year lock up” — acceptation aqueous providers are attractive to advertise during a time back the bazaar has been, for abridgement of a bigger term, ‘rekt.’
Bogart told CNBC‘s “Fast Money” on Monday:
Bogart additionally claims that prices are still aggrandized — decidedly back it comes to antecedent bread offerings (ICOs). The aforementioned could apparently be said about abounding lower-level altcoins.
However, the Blockchain Capital accomplice acclaimed that the amount of Bitcoin is “pretty acceptable appropriate now” — at atomic in the abbreviate term. In fact, he cautions adjoin the wait-and-see access back it comes to buying the bazaar baton at its bottom. Bogart explained:
Today, Bitcoin is trading at [coin_price].
Do you anticipate now is a acceptable time to buy Bitcoin, or do you anticipate it has a lot added to fall? What are your thoughts on the aggrandized ICO space? Let us apperceive in the comments below!
Images address of Shutterstock, CoinMarketCap.com.
