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Celsius CEO: BTC May Pull Back To $16,000 Before The End Of Q1
Summary: Although many people think that this round of Bitcoin's decline will not last long, Alex Mashinsky, Celsius CEO stated in an interview with Cointelegraph that Bitcoin still needs corrections and adjustments, and smart investors can buy on dips at the right time. Mashinsky said: "Sooner or later, the bears will accumulate enough pressure to see ...
Although many people think that this round of Bitcoin's decline will not last long, Alex Mashinsky, Celsius CEO stated in an interview with Cointelegraph that Bitcoin still needs corrections and adjustments, and smart investors can buy on dips at the right time. Mashinsky said: "Sooner or later, the bears will accumulate enough pressure to see a correction. Overall I see the potential for Bitcoin prices to fall all the way back to $16,000 before the end of the first quarter.”
Mashinsky told investors to be patient and hold their coins. He explained: "There is nothing better than HODLing your BTC and earning yield on it because very few investments delivered the returns of Bitcoin over 1,3 & 5 years. This process will flush the weak hands and transfer the baton with all their BTC from the short-term speculators to the long-term institutions and HODLers.”
BY Mary Liu
Tags: Alex Mashinsky,Bitcoin,Celsius
Link: Celsius CEO: BTC May Pull Back To $16,000 Before The End Of Q1 [Copy]
