Hold Bitcoin For the Next Couple of Months: Messari CEO
Messari founder and CEO Ryan Selkis has suggested an investment strategy for Bitcoin holders amid a potential upward rally in the bull cycle. He advises holding on to Bitcoin for a few months, then taking gains as the Market Value to Realized Value (MVRV) crosses 2-3. He advises setting aside half of the investment for taxes and using the other half to “play the hot ball of money game.” Selkis emphasized that the ultimate goal for Bitcoin investors in the first quarter of 2024 is to hold and create an investment strategy.
The MVRV value has already crossed the 2.0 mark on various analytics platforms, but Selkis clarified that the MVRV refers to Coinmetric’s “Free Float Supply” metric, which is below 1.5, indicating potential upside movement.
(With inputs from Shikha Singh)
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