Is Now a Good Time to Invest in Cryptos?
Is it a good time to invest in cryptos? I will give you 5 good reasons why you should consider investing in cryptos now. The last one is the most important.
1. Bitcoin Halving
This year, in May, we had the Bitcoin halving. Its an event that happens every 4 years, which cuts the number of bitcoins mined by half. This means that the supply is going to reduce significantly and we can expect the price of bitcoin to increase within the 12 to 18 months following the event.
Currently, the Bitcoin price has been consolidating, so the parabolic bull run has not started yet, which means that NOW you still have the opportunity to invest at a cheaper price and benefit from the price appreciation.
2. Institutional Adoption
Following the approval of the Bitcoin ETFs, many institutions have started to be involved in cryptos and also more retail investors can now invest in Bitcoin very easily.
3. Lower Interest Rates
The macroeconomic environment is now more favourable for cryptos and stocks.
Inflation has decreased and central banks like the US Federal Reserve will start to cut interest rates very soon, most likely from September. Other central banks, like the European Central Bank, have already started cutting interest rates.
Historically, lower interest rates will push the price of cryptos and stocks higher.
4. Undervalued Altcoins
The majority of altcoins are trading at very low prices compared to their all-time highs.
This is great because it means we can buy at a very low price now before the altcoin season starts.
5. Potential Profits
With the recent Bitcoin halving, the approval of the Spot ETFs, the involvement of the institutions in the crypto space and the cut of interest rates in the upcoming months, we can expect the price of Bitcoin to go above $100,000 by the end of this year, or next year, at the latest, in my opinion.
Once Bitcoin reaches a new all-time high, we could finally see also altcoins move higher.
So, the potential upside, especially for altcoins is even greater, considering that many of them are trading at discounts.
How to invest now
So how can you take advantage of this?
If you copy my eToro portfolio, you can get exposure to the majority of altcoins, including of course Bitcoin and Ethereum.
So far, altcoins have been lagging behind Bitcoin for the past few months and my portfolio has remained almost flat this year, because of this.
So if you are new, send me a message to learn more about my portfolio and how you can copy it automatically.
If you are already copying me, please consider investing more now, as prices will likely be much higher in the upcoming months.
And remember to remain invested at least for the next 12 to 18 months, to capitalise on this opportunity.
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