John D’Agostino, Head of Strategy at Coinbase Institutional, on why irrational pessimism is a buy signal
John doesn’t try to call tops or bottoms, he learned from too many brilliant investors that it can’t be done. The one exception is prolonged irrational pessimism, which he defines simply as pessimism with no evidence behind it. Look at where crypto sits now versus six months ago and nothing is structurally worse, with arguably a lot structurally better. So the price continuing to fall makes him happy, because he’d rather dollar cost average into a low than try to bottom tick.
#Crypto #Bitcoin #Investing #Markets #Coinbase
Powered by WPeMatico
