Crypto Weekly
Subscribe
No Result
View All Result
Crypto Weekly
  • Home
  • News
    • Bitcoin
    • Binance
    • Ripple
    • Ethereum
    • Cardano
  • Learn
    • Crypto 101
    • Crypto Wallets
    • Crypo Investing
  • Regulation
  • Advertise with us
  • Subscribe
No Result
View All Result
Crypto Weekly Magazine
No Result
View All Result
  • Home
  • News
  • Learn
  • Regulation
  • Advertise with us
  • Subscribe

Bitcoin season: Grayscale founder says now is the perfect time to “load up” on BTC

by
April 22, 2022
in bitcoin, News
0
Bitcoin season: Grayscale founder says now is the perfect time to “load up” on BTC

TL; DR Breakdown

CEO Barry Silbert wants people to start stacking up SatsSummer will be a good period for BitcoinThe BTC market has experienced low volume trading

A popular crypto bigshot thinks the crypto market has entered the Bitcoin season and the time to accumulate is right now. Barry Silbert is the founder and CEO of Digital Currency Group (DCG), a top-tier conglomerate that owns five other crypto-focused subsidiaries including Grayscale Investments.

Grayscale is one of the largest crypto investment firms in the world, and it has been a major leader in crypto accumulation. The firm manages Bitcoin investments worth upwards of $32 billion. It also holds tens of billions of dollars worth of other cryptocurrencies.

Bitcoin market according to Barry

In a recent move to share his thoughts with the crypto community, Barry took to Twitter to intimate that the best time to start accumulating Bitcoin is when there’s a boring sentiment in the trading arena and when the prices are going a bit sideways. Granted, Bitcoin hasn’t been exactly stagnant of late. The coin’s price has been swinging between upper $39k and $42k.

Boring, sideways, low volume trading for months has always been a good time to load up on bitcoin

It is time

— Barry Silbert (@BarrySilbert) April 21, 2022

However, it appears that Bitcoin trading amounts haven’t been very impressive. According to Barry Silbert, such low-volume trading periods are a great sign of a viable buying period. To put this into perspective, low volume trading means that a lot of people as well as the whales are hodling their stash in wait for a potential price breakout. If history is anything to go by, this scenario almost always ends up in a bull run.

“It’s going to be a big summer”

Barry didn’t stop there. The popular CEO went on to intimate that the coming summer is going to be huge for Bitcoin. Although he didn’t explain how exactly, it can be understood to mean that BTC is headed for a major market shift that could spur a bull run.

it’s going to be a big summer

— Barry Silbert (@BarrySilbert) April 21, 2022

At the moment, Bitcoin’s price stands at around $41,680 and posting a 24-hour price increase of 0.74% and a 7-day gain of 0.81%. If things go right as Barry says, these percentages could soon change for the better. However, it’s worth noting that the crypto market is a dynamic space that doesn’t follow a fixed path. Anything can happen at any given time. We can only wait to see.

Previous Post

Top S&P500 companies that are accepting Bitcoin

Next Post

Bitcoin price analysis: BTC sets a higher local high above $42,000, quickly drops lower

Next Post
Bitcoin price analysis: BTC sets a higher local high above $42,000, quickly drops lower

Bitcoin price analysis: BTC sets a higher local high above $42,000, quickly drops lower

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Got a Story tip? Email Contact@cryptoweeklymag.com

CMC Coin

A marketing-focused coin w/ a unique set of tokenomics & incredible use cases! The official coin of Crypto Weekly Mag!
Learn More

News

Recent Posts
  • ‘Final week of the bear rally’ — 5 things to know in Bitcoin this week
  • How to Mine Pi 2022 (Complete Guide)
  • How to Mine Filecoin 2022 (Complete Guide)
  • Ethereum ICO whale address moves 145,000 ETH after 3 years of dormancy 
  • How to Stake TFUEL 2022 (Complete Guide)
  • How to Stake Klima Tokens 2022 (Complete Guide)
  • Shiba Inu eyes 50% rally as SHIB price enters ‘cup-and-handle’ breakout mode

Office

Crypto Weekly
71 – 75 Shelton Street
Covent Garden London, UK

Stay Connected

Facebook Twitter Instagram Telegram

© 2022 crypto weekly. All rights reserved

  • Home
  • News
    • Bitcoin
    • Binance
    • Ripple
    • Ethereum
    • Cardano
  • Learn
    • Crypto 101
    • Crypto Wallets
    • Crypo Investing
  • Regulation
  • Advertise with us
  • Subscribe
Translate »