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5 Reasons to continue accumulating Bitcoin during the market crash
Fortunes change quickly in the investing world. One day, you feel like you are unstoppable and have a good grasp of what’s going on. Then you get kicked in the nuts, hit by a baseball bat in the head, and wake up with your pants and shoes stolen. At least, this is how I felt yesterday when we saw massive selling, an algorithmic stablecoin exploit, and intense liquidations in the crypto market. The pain was felt across all risk assets. And it’s possibly a canary in the coal mine for the real estate market.
It’s reasonable for the masses to escape to cash with all the fear and uncertainty in markets. As a result, the dollar index has been on a tear and relentlessly continues forging higher.
Historically, the dollar index increase has been bad for Bitcoin and the overall crypto market. We are witnessing multi-year highs with no indications for relief.
In addition to a mighty dollar, fear levels are intensifying. For example, the crypto fear and greed index is registering at similar levels after the March 2020 sell-off.
