So, according to the Crypto Fear and Greed Index, which takes feelings and attitudes from various sources and crunches them into a single easy number, crypto is doomed.
Everyone who says now is the best time to buy is merely a bunch of bag holders hoping to get you to invest so they can sell as soon as they break even. Who are we to argue with a man who has 150 years of experience in the industry and has indicated that he would not buy bitcoin for $25 dollars?
As you can see in the chart above, the Fear and Greed index has dropped to a new low of (-20).
According to rumors, crypto investors are jumping out of their cabanas in the Caribbean, landing in the ocean, but that’s beside the point. After a decade, it appears that Bitcoin has finally died.
This has been a fantastic ride, but we should probably sell any remaining crypto and put the money into a savings account with a high interest rate of 0.001%, so we can retire with it in another 50 years.
Best of luck to everyone!
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Annie
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