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COINTURK NEWS > Bitcoin (BTC) > Billion Dollar Investor’s New Crypto Strategy: This Tactic is Unacceptable! 
Bitcoin (BTC)Bitcoin News

Billion Dollar Investor’s New Crypto Strategy: This Tactic is Unacceptable! 

In Brief

  • Andrew Kang, known as one of the investors who has been making a name for himself in the crypto sector recently. As a founding partner of Mechanism Capital and one of the most “influential” investors in the sector, Kang was able to even shift the price of Bitcoin (BTC) due to a tweet aimed at […]
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Andrew Kang, known as one of the investors who has been making a name for himself in the crypto sector recently. As a founding partner of Mechanism Capital and one of the most “influential” investors in the sector, Kang was able to even shift the price of Bitcoin (BTC) due to a tweet aimed at him recently. Kang is also among the first investors of many DeFi projects such as Synthetix, AAVE, and 1inch. The famous figure has now given a very important piece of advice that crypto investors need to hear. 

Contents
The Toughest in the Last 45 Years! Bitcoin, At the End of the Tunnel

The Toughest in the Last 45 Years!

Kang, who is estimated to have a personal wealth of over $1 billion and who makes investments of $4-5 million from just his known BTC and ETH wallets, pointed to a challenging period. The successful investor quoted the words of Stanley Druckenmiller, a veteran of the macroeconomic sector. In his recent statement, Druckenmiller emphasized that today’s financial markets are the toughest markets of the last 45 years. 

After emphasizing this, Kang stated that the “buy and hold” strategy will no longer guarantee profit. In previous years, even investors who simply bought and held ETH and BTC were able to make serious profits. Kang, however, highlighted that investments that require active management and are made by using inefficient points in the market will yield returns. 

The famous crypto whale, in particular, stated that he will diversify the wealth he has gained from cryptocurrencies this year and use it in other areas. Kang, signaling that he could enter traditional markets, plans to withdraw from the crypto sector due to the uncertainty of this year. 

In the continuation of this tweet, Kang asked about successful figures in the traditional finance sector and awaited responses from his followers. Kang’s tweet, which manages billions of dollars and invests in some of the most successful projects in the crypto sector, is of the kind that can create panic for small investors. 

Bitcoin, At the End of the Tunnel

In fact, a similar period was experienced on the eve of Bitcoin‘s previous block reward halving. BTC will experience a new block reward halving in 2024, and this fear can be thought of as the darkest period of the tunnel. The light at the end of the tunnel seen after the block reward halving recently brought a new record to BTC. Bitcoin’s inflation-resistant structure could make it a better choice as global uncertainty increases. 

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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COINTURK NEWS 17 May, 2023 - 4:28 pm 17 May, 2023 - 4:28 pm
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1 Comment
  • Najim says:
    15 July, 2023 - 8:56 pm at 8:56 pm

    Please give some doller

    Reply

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