Business – A number of crypto assets such as bitcoin and ethereum are starting to creep up. Launching from Coinmarketcap, Sunday, bitcoin was traded for US$ 22,552.98. In early July, bitcoin was trading at around US$ 19,274.84.
The trend of rising prices is also experienced by Ethereum. As of today Ethereum is trading around US $ 1,585.73 or up 2.75%. With prices moving into the green, is this a good time to get into crypto assets?
Crypto analyst and financial educator Angga Andinata believes that now is the right time for investors to enter the crypto market. He uses the Bitcoin Cost Averaging (BCA) method, saying bitcoin has dropped from its highest value of US $ 60,000 some time ago.
“Because no one knows 100% where the bottom is. We can only predict but cannot know 100%. That’s why Bitcoin Cost Averaging is the most appropriate method,”
He gave an example of the case that occurred in the VOC. Companies that were once great in the past are now just history. Therefore, it is important for investors to adjust their investment strategy and adapt to the situation.
Moreover, crypto assets are still a new industry, even developing for about 7 years. This means it takes experimentation, trial & error, and time to learn to succeed in this industry.
However, with the development of technology and people willing to contribute to this industry, Angga believes the crypto market will become a giant in the next 10 years.
Bitcoin is the crypto asset choice that Angga recommends. “Bitcoin is the only crypto asset declared by the SEC (the US FSA) as non-Security, the only crypto asset with the most secure blockchain system and using Proof of Work,” he explained.
Meanwhile, Ethereum is still a recommendation because it has smart-contract technology that has been mass-adopted. Angga revealed rumors of an Ethereum Merge that will be executed in September.