Cryptocurrency
Crypto Investment Platform Founder Sees Bitcoin Below $8,000 As Buying Opportunity
Forbes reports, “Bitcoin has had an eventful year regarding its price, rising from below $4,000 to above $13,000 before dropping back below $8,000. As bitcoin’s future pricing remains uncertain, Joel Birch, founder of Lunar, a software as a service (SAS) platform that makes crypto asset indices available to retail investors, said he sees sub-$8,000 bitcoin […]
Forbes reports, “Bitcoin has had an eventful year regarding its price, rising from below $4,000 to above $13,000 before dropping back below $8,000. As bitcoin’s future pricing remains uncertain, Joel Birch, founder of Lunar, a software as a service (SAS) platform that makes crypto asset indices available to retail investors, said he sees sub-$8,000 bitcoin as a buying opportunity…
“…An entrepreneur and influencer in the crypto asset industry, Birch, known as Bitcoin Birch on Twitter, is also a partner at Lunar Capital, a fund that manages investments in the digital asset industry for accredited investors.
“Coming into 2019, Birch and his team saw bitcoin as a buying opportunity any time it was below $6,000, Birch told me in an October 22 interview. At present, Birch said he sees a similar buying opportunity when bitcoin drops below $8,000.
“’I can’t tell you if bitcoin is going to hit $3,000 or $4,000 or $6,000, but I can tell you, to me it doesn’t matter because I believe that any price below $8,000 is good,’ Birch said. ‘The last couple of weeks, as it’s dipped below $8,000 we’ve bought, and we’ve seen $8,100, $8,200, $8,300,’ he added…”
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