Coinbase exchange co-founder Brian Armstrong attempted to debunk the myth that only wealthy people can invest in cryptocurrencies.
After Bitcoin, Ethereum, and BNB (BNB) prices surpassed psychologically important levels of $100,000, $4,000, and $1,000, respectively, a narrative emerged that it was too late to invest in the leading digital assets by market capitalization. However, Armstrong takes a different view and sees no problem with the coins’ high prices.
There is a misconception that kriptovalyuta It’s too expensive for beginners. But you don’t need to buy it to start. Bitcoin or эфириум “You can buy digital assets worth a few dollars and hold them. It’s never too late to start,” Brian wrote.
However, Armstrong misunderstands the point of the statement that digital assets should have been purchased earlier. When people say the cryptocurrency train has already left the station, they mean:
- A missed opportunity to hit the jackpot due to the exponential growth of the BTC, ETH and BNB rates;
- There is a high risk of a fall in the price of these coins.
The first point is undeniable, as the Bitcoin price chart shows a weakening bullish trend as the coin’s value rises. And, judging by historical data, the price of BTC, like most other cryptocurrencies, fluctuates within cycles characterized by shifts from bullish to bearish. The digital asset market has already peaked and is likely to decline, so buying coins now is dangerous.
Bitcoin’s upward movement
