Donald Trump’s return to the U.S. presidency has sparked a notable surge in Bitcoin and other cryptocurrencies, with many predicting further growth.
Bitcoin
is now eyeing new price targets, with $80,000 and $100,000 in sight by the year’s end. However, not everyone shares the same optimism.
Ki Young Ju, the CEO of CryptoQuant, offers a cautious perspective. He believes that while Bitcoin’s price could see an uptick, investors should start considering selling their holdings gradually.
New investors often hold
$BTC
through bear markets, enduring losses.
After about two years, it changes hands when pain eases. That time is now.
It could go up +30-40% from here, but not like the +368% we saw from $16K. Time to consider gradual selling, not all-in buying, imo.
pic.twitter.com/hXRT6YBsxS
— Ki Young Ju (@ki_young_ju)
November 6, 2024
Ju highlights that newer investors, who bought in during bear markets, may now feel less pressure as their losses shrink. He warns that while a 30-40% price jump is possible from current levels, it won’t compare to the massive 368% rally seen when Bitcoin climbed from $16,000.
READ MORE:
Crypto Markets Surge After Donald Trump Wins U.S. Election
In his analysis, Ju advises that it might be time to sell in increments rather than committing to a full purchase, suggesting that holding for too long might expose investors to unnecessary risks as the market continues to stabilize.
