It seems that big players with smart money are investing like crazy in the crypto market, according to the latest reports. Check out the new details below.
Big players continue investing in crypto
According to the latest reports, the billionaire investor Chamath Palihapitiya says another turning point appears to be underway. This comes right a year after he predicted the start of a massive crash in global markets.
In a new edition of the All-In Podcast, Palihapitiya stated that the smart investors with large amounts of capital are re-entering the markets. He also made sure to explain the fact that this cycle is in the process of bottoming out.
“When you have patterns of selling, typically as I’ve seen it, my experience is that initially it’s the algorithms that really start to push a market in a direction. Then you have the more traditional fund complexes, that’s the hedge funds and the long-onlys, they follow suit.”
He continued and said the following:
“And then the last group tends to be retail [traders]. And it works in reverse the other way as well.”
He concluded by saying this:
“[Retail traders] are sellers now, but again this is where organized capital now is finding a bottom.”
The online publication the Daily Hodl notes that the All-In panel points to an article in the Wall Street Journal that says a number of large venture capital firms, including Sequoia Capital and Andreessen Horowitz are now investing in public tech companies. Check out the original article in order to learn more details about the subject.
More and more people understand the importance of Bitcoin today.
Rich Dad Poor Dad author Robert Kiyosaki is issuing a dire warning. He is currently saying investors must protect their wealth from an impending economic collapse.
Kiyosaki made sure to highlight the fact that investors can keep their capital intact amid an economic meltdown by loading up on gold, silver and Bitcoin (BTC).