According to the founder of the Crypto Hedge Fund, the big disconnect between Crypto Traders’ growing short-term market uncertainty and crypto builders being bullish than ever before is now bullish than ever.
“This is one of the toughest differences I’ve seen in emotions and basics,” Ali Paul, founder of the Block Tower capital, told X-Post on March 14th.
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Paul said traders and analysts have recently changed Bearish to Crypto, but Crypto developers, and more broadly, those working in Crypto companies, remain far more bullish, as they don’t focus much on the market cycle itself.
“Essentially every data point we hear from crypto-related projects and companies that are not dependent on the recent ‘native’s’, is positive,” Paul said.
Source: Nic Puckrin
Based on this, he is sure Crypto is a “good purchase” over the “12-month time frame”, but he is not sure if he has yet to reach the short term bottom. Crypto analyst Matthew Hyland recently said that the only way to make sure Bitcoin is actually over $89,000 a week ago is the only way to make sure Bitcoin is actually in it.
However, on March 14th, the broader crypto market rose slightly, giving traders a little more short-term confidence.
Bitcoin (BTC) spiked 3.16% in 24 hours to $84,638, with Ether (ETH) rising 1.79% and XRP (XRP) rising 6.01%, according to CoinMarketCap.
Over the same 24 hours, the cipher horror and greedy index, which measures emotions across the crypto market, skyrocketed 19 points to 46 points.
Source: Dan McArdle
Michael Van de Poppe, founder of MN Trading Capital, said the surge in Bitcoin prices over the past 24 hours has strengthened confidence in assets that will resume uptrends by June.
Crypto markets that present opportunities for “sustainable value” investments
“We clearly created a high and low, and we clearly mentioned the high,” Van de Poppe told the X-Post on March 14th.
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“It’s very likely that we’ll start a new uptrend in a low time frame that will enter a good Q2,” he added.
Paul also said it may be a fitting time to explore traditional venture capital crypto investments with a long-term outlook.
“It’s a good time to look for VC Crypto Investments in the ‘traditional’ style. “Traditional” means we are focusing on the long term with a serious focus on creating sustainable value and a rapid monetization scheme,” Paul said.
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