A senior analyst with global asset management firm Alliance Bernstein has recommended that investors buy the bitcoin dip and focus on “the new bitcoin adoption cycle.” His advice followed the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). “The minor selloffs are opportunities in view of the asymmetric upside ahead,” the analyst explained.
‘Buy the Dip and Focus on New Bitcoin Adoption Cycle’
Global asset management firm Alliance Bernstein’s senior analyst specializing in digital assets, Gautam Chhugani, has advised investors to buy the bitcoin dip, according to a client note reviewed by Yahoo Finance. The analyst stated:
Our simple advice to all investors is — buy the dip and focus on the new bitcoin adoption cycle. The minor selloffs are opportunities in view of the asymmetric upside ahead.
The SEC approved 11 spot bitcoin ETFs last week. The anticipation surrounding the approval sent the price of bitcoin soa
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