
Jakarta, Pintu News â Charles Hoskinson, founder of Cardano, has called on investors to remain calm and not be tempted to exit crypto investments despite the market downturn. This call comes as Bitcoin managed to return to the $96,000 level, showing strong signs of recovery. Read the full analysis below!
Amidst high market volatility, Charles Hoskinson urges investors to âhold the lineâ and not rush to sell their crypto assets. In a recent podcast, Hoskinson emphasized the importance of maintaining personal financial control through crypto investments.
According to him, although the market currently looks bleak, the long-term outlook still shows growth potential. Hoskinson also acknowledged that nearly $1 trillion in market value has been lost since October. However, he remains optimistic about the future of Bitcoin (BTC) and other cryptocurrencies, pointing to growing adoption as a major contributing factor.
Also read: BTC, ETH, and XRP prices weaken, hereâs why according to Tom Lee
After dropping to $93,000, Bitcoin (BTC) managed to recover its position and return to the $96,000 level. Currently, Bitcoin is hovering around $95,500, indicating that investors are starting to reassess the situation after a sharp decline. This rise signals that there is confidence being re-established among market participants.
CryptoQuantâs CEO, Ki Young Ju, also showed bullish sentiment, citing Bitcoinâs realized cap increase as evidence that demand for the asset continues. This shows that despite the uncertainty, many still see long-term value in Bitcoin investments.
Also read: Is Ethereum starting a Bitcoin-like âsupercycleâ? Hereâs Tom Leeâs opinion
Although Charles Hoskinson remains optimistic, some analysts such as Tom Lee and Timothy Peterson have issued warnings about the potential for further declines. They argue that the market may not have bottomed out yet and investors should prepare for possible further fluctuations.
However, with endorsements from key figures in the industry and data showing growing adoption, many still maintain a positive outlook on the future of Bitcoin and crypto in general. This suggests a clear split in views among market experts.
In the face of a challenging crypto market, Charles Hoskinsonâs advice to âhold the lineâ may be a buzzword for many investors. With fast-changing situations, the ability to stay calm and not rush into decisions could be the deciding factor in dealing with crypto market volatility.
Charles Hoskinson is the founder of Cardano, which is also known as an important figure in the crypto industry.
Bitcoin (BTC) is currently trading at around $95,500 after briefly reaching $96,000.
Bitcoinâs realized cap is a metric that calculates the total value of Bitcoin based on the last time each bitcoin changed addresses, which shows a more stable picture of the market value.
Charles Hoskinson calls on investors to stay calm and not sell their crypto assets despite the market downturn.
Yes, some analysts such as Tom Lee and Timothy Peterson have issued warnings about a potential further decline in the price of Bitcoin.
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*Disclaimer
This content aims to enrich readersâ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an assetâs past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
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