Experts now suggest that bitcoin may have reached a local bottom and will gradually recover over the coming months.
He even implied that casual investors, or “tourists,” may opt to stay out of the market for a while, possibly enjoying the sidelines. On the other hand, the exec believes serious investors will continue to hold their positions and even accumulate more of their preferred cryptocurrencies like bitcoin, ether, and potentially high-risk altcoins such as Solana, Dogecoin, and others.
A similar sentiment was echoed by Jeff Ross, Founder and CEO of Vailshire Capital Management, while addressing the ongoing sentiment of pessimism surrounding bitcoin. Despite the “doom and gloom,” Ross maintained his bullish stance referring to the ongoing market as a “bullcrab.”
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