It makes sense to Long Bitcoin Now that Volatility is finally spiking. Remember, Bitcoin has been on a consistent downtrend in volatility for years now. So nothing will change given the amounts in which more institutions invest; Volaitly will have to continue to go down due to price transparency in the marketplace.
The opportunity I see here is to go long Bitcoin whenever volatility gets out of whack; people get scared, sure, but in reality, buying that volatility is betting that volatility 6-12 months from now will be much, much lower.
The last time this happened bitcoin went from 9000 to 61000. My price target is at 78000-96000 within the next 6-12 months.
Thanks for the time and good luck!
The opportunity I see here is to go long Bitcoin whenever volatility gets out of whack; people get scared, sure, but in reality, buying that volatility is betting that volatility 6-12 months from now will be much, much lower.
The last time this happened bitcoin went from 9000 to 61000. My price target is at 78000-96000 within the next 6-12 months.
Thanks for the time and good luck!