‘Prices are Way Down’: Bitcoin Investors Should Buy Post-Crash Dip Now, Says VC Chief
Samantha Chang's original article for www.ccn.com reduced by 57%
Venture capitalist Fred Wilson suggested that bitcoin investors buy the post-crash dip because there are a lot of exciting developments right now that make the crypto industry worth investing in. "We are in the post-crash cycle in crypto, and that has made the sector interesting to me again. Prices are way down and there is a lot of great work being done on projects we are invested in and projects we want to invest in." On February 27, Burniske posted a statement Wilson had made during the 2015 bitcoin crash.
At the time, Wilson said patient investors could enjoy a handsome windfall if they invested wisely during a down market. As for the crypto market, Fred Wilson said last month that he believes the bitcoin slump is nearing a bottom. Wilson expects some bull-market rallies but warned that the crypto market will remain under pressure throughout 2019.
Wilson previously expressed concern that regulators could come down too hard on the cryptocurrency market and stifle innovation.
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CN [too long; didn’t read]
Summarised crypto news.