facebookEnd May Update: You may be committing financial suicide if you have not been buying crypto on pullbacks this year. - Seedly

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Crypto SG

Chief Investment Officer at Self Employed

28 May 2024

Cryptocurrency

End May Update: You may be committing financial suicide if you have not been buying crypto on pullbacks this year.

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Now is definitely the good time to buy the dip!

Crypto SG

28 May 2024

Chief Investment Officer at Self Employed

The broader crypto market is on fire.

Crypto turned political last week when Trump declared war against anyone who is against crypto. He timed it so perfectly just before SEC announcement of spot ETF approval. Even the slightest good news in spot ETH ETF approval sent a bunch of altcoins up 15-50%. If history repeats, the entire ETH ecosystem and the broader crypto market are well positioned to scream and skyrocket suddenly up anytime. I warned my personal group last week but I am not sure if anyone has taken any action. Anyone who followed my call to load up on ETH would have made a nice paper profit.

If history were to rhyme again, the market is likely to pull back a bit more from here and the fast train is set to ignite to blast off to the mesosphere. The gains we all witnessed between October 2023 to February 2024 are nothing compared to what is to come next.

Are you well positioned already, or are you committing final financial suicide? We probably will not find another opportunity as crypto matures and large moves may never be back once crypto becomes mainstream and institutionalized.

Many folks laughed at me when I made my call on bitcoin last year. Some are still laughing today. It's just too bad that people read too much into the news and make bad judgment instead of spending a ton of time doing deep research and ignore mainstream media and financial analysts.

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