The chief executive of crypto asset management firm Bitwise says that now is the best time for Bitcoin (BTC) bulls as the risk associated with the flagship crypto asset has been drastically lowered.
In a new interview with CNBC Television, Bitwise CEO Hunter Horsley says that the risk of allocating to crypto assets has been “substantially reduced,” paving the way for investors to build up their portfolios.
According to Horsely, investors willing to take the risk may want to consider building their positions now before the mainstream realizes what’s going on.
“It is really the best time for investors. Why is that? Because as an investor, your job is to take risks. You have to take risks as an investor. There’s no free lunch in investing. You have to take risks and then you want to be compensated for those risks. And this year, for the first time, the biggest risk of the space has been removed.
So the return potential is still there and immense and you probably heard all sorts of Bitcoin price predictions and so on and so forth, but the risk has been substantially reduced. So you have that return potential but finally this overhang [of] risk has moved away.
And so I think a lot of the world is busy with other things, they’re not focused every day on Bitcoin and so they haven’t gotten around yet to reunderwriting and engaging with the category, which means there’s still an incredible opportunity for investors who do have that time or are willing to spend that time to take advantage of the risk reduction that’s taken place this year and build a position in advance of the rest of the world.”
Bitcoin is trading for $105,479 at time of writing, a 1.2% decrease over the last 24 hours.
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