Entrepreneur and investor Patrick Bet-David said he recently purchased additional XRP and Bitcoin during the latest cryptocurrency market decline, signaling continued confidence in digital assets despite high volatility.
Global crypto markets have fallen significantly in recent months, wiping out billions of dollars in value and sparking concerns among investors over whether the downturn could worsen further. The sell-off affected major tokens including XRP and Bitcoin, both of which experienced sharp price fluctuations over a short period of time.
Focus on long-term investing
Speaking on his podcast, Bet-David said he bought “a bunch of XRP and Bitcoin” as prices fell, describing the move as part of a long-term investment approach rather than short-term trading. He talked about dollar cost averaging, a strategy that involves gradually purchasing assets at different price levels, as a key method investors can use during times of market volatility.
“So I just bought a bunch of XRP and Bitcoin yesterday, and I bought a bunch when it dropped to whatever number was in the 80s, you know, 70s, 80s.”
According to Bet-David, many investors say they want to buy assets when prices are lower, but fear often prevents them from acting when markets fall sharply. He said disciplined investors who stay focused on long-term trends are more likely to benefit from such periods of uncertainty.
The debate over the role of crypto continues
The recent market decline has also reignited discussions about whether cryptocurrencies can serve as a hedge against inflation or as independent assets during times of economic crisis. Analysts say digital assets have recently moved closer to traditional financial markets, in part due to growing institutional participation.
Despite the uncertainty, some investors believe the correction could present an opportunity to accumulate assets at lower valuations, particularly for tokens they hope will see more widespread adoption in the future.
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