Crypto Investor Dan Morehead Says Its Good Time to Buy Bitcoin Now!!!

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Crypto Investor Dan Morehead Says Its Good Time to Buy Bitcoin Now!!!

  • Diana Dsouza

    Bitcoin

    The founder of Pantera Capital Management, Dan Morehead suggests to buy bitcoin while it is cheap now. According to Coinmarketcap Bitcoin was trading at $7,508.60 USD.

    One of most popular cryptocurrency, Bitcoin had reached the heights of $20000 in last year. Due to volatile nature of cryptocurrency, this year in month of February, it has dropped below $6000.

    According to Dan Morehead, crypto investors told CNBC that,
    “All cryptocurrencies are very cheap right now. So now is a good time to buy now and participate in the rally as it goes”.
    Although there is a hype in cryptocurrencies are still unregulated industry. Due to its price fluctuations and unstable characters, market keepers are still into consideration crypto regulations.

    Dan Morehead’s suggestion to investor concern ‘once a currency break its 230-day moving average, make a purchase and wait for a year and sell’.

    Watch here what Dan Morehead Says: https://coinpedia.org/news/dan-morehead-good-time-buy-bitcoin/

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