Top 10 buy-the-dip investors

[ad_1]

Bitcoin, like other crypto tokens, remained volatile throughout 2021. Photo: Getty

Bitcoin (BTC-USD) consolidated at around $ 49,000 (36,480), as other traders liquidate their positions, the next top 10 investors see an opportunity to buy the downside.

Bitcoin fell nearly 20% in December and a cloud of uncertainty descended on investors.

Diamond hands are showing cracks and the crypto-Christmas massive sell-off looks like it’s about to become a reality.

However, the following major investors do not fall victim to massive selling pressure and see opportunities when the charts turn red.

1. Micheal Saylor

MicroStrategy CEO Michael Saylor. Photo: Joe Raedle / Getty Images

Saylor is the head of Microstrategy, which has invested heavily in bitcoin since August 2020. After the crypto flash crash of December 5, Saylor announced that MicroStrategy had purchased $ 82.4 million worth of bitcoin, or 1,434 bitcoins. This brings the total number of bitcoins held on MicroStrategy’s balance sheet to 122,478. On December 15, Saylor posted a Christmas message on Twitter to advise; If you need a holiday gift, bitcoin is on sale.

2. President Nayib Bukele of El Salvador

Nayib Bukele, President of El Salvador. Photo: José Cabezas / Reuters

President Bukele was the architect of the bitcoin experiment in El Salvador which went live on September 7. Immediately after the cryptocurrency became legal tender in the Central American nation, the price of bitcoin plummeted. Media critics took the opportunity to criticize Bukele who instead doubled down and continued to buy the decline.

Read more: How the adoption of bitcoin in El Salvador could drain it of its US dollar reserves

The average dollar cost of Bukeles with Salvadoran taxpayer money throughout the leanest weeks of September finally paid off, as the price of bitcoin quickly began to rise. Bitcoin then hit a new all-time high of $ 69,000, largely due to fiat currency inflation. After Bitcoin’s flash crash in early December, Bukele hasn’t changed his approach. To celebrate the 9 p.m. hour on December 21, he tweeted that his government had bought 21 bitcoins, saying, and we are buying 21 bitcoins for the occasion.

The story continues

3. Bitcoin pioneer Max Keizer

Max Keizer on stage at the 2021 Bitcoin Convention on June 4 in Miami, Florida, United States. Photo: Joe Raedle / Getty Images

Max Keizer is still bullish on bitcoin. He told Yahoo Finance: In 2021, bitcoin has outperformed everything again and will continue to do so for the next 100 years. In 2022, bitcoin will dethrone gold and change the world forever.

Read more: Bitcoin: 2021 in 12 charts

At the Miami Bitcoin 2021 conference in early June, the vocal bitcoin advocate met Michael Saylor on stage and shouted his now famous: “We don’t sell, f ** k Elon,” in reference to Musk’s tweets that provoked a break in the crypto-market.

4. Tyler Winklevoss and his twin brother Cameron hold around 100,000 bitcoins

Tyler Winklevoss. Photo: Lucas Jackson, Reuters

The Winklevoss twins started investing in bitcoin early in its development. In 2013, the brothers claimed they owned around $ 11 million worth of bitcoin through their company, Winklevoss Capital. The brothers have been buying bitcoin since 2013 and are said to own 1% of the bitcoin in circulation.

Winklevoss recently gave advice to those forecasting a prolonged drop and considering shorting bitcoin. He recently tweeted: Bitcoin is now dead over 435 times, thoughts and prayers to all of the shorts. The road must have been difficult for the past 10 years. The next 10 years will not be easier. Just a hint.

Look: “The value of bitcoin is probably zero” 5. Barry Silbert, owner of the Grayscale Bitcoin Trust

Bitcoin investor Barry Silbert. Photo: Lucas Jackson / Reuters

Silbert is the founder of the Digital Currency Group which manages the Grayscale Bitcoin Trust. The company has invested in more than 165 blockchain and cryptocurrency related companies. Grayscale holds 654,600 bitcoins on behalf of institutional investors. In late November, investment bank Morgan Stanley bought the drop to top their total of 6.5 million Grayscale bitcoin shares, now worth more than $ 300 million.

6. Elon Musk

Elon Musk, CEO of Tesla. Photo: Patrick Pleul / Pool via Reuters

Musk caused the cryptocurrency markets to collapse when he tweeted that he had fallen in love with bitcoin on June 4. He had put a broken heart emoji next to the bitcoin. However, Tesla reportedly bought $ 1.5 billion worth of bitcoin in 2021.

Read more: Elon Musk: Tesla Founder’s Best Tweets in 2021 That Shook Markets & Crypto

At the end of October, Musk reaffirmed his belief in bitcoin when he tweeted: Out of curiosity, I acquired ascii hash chains called Bitcoin, ethereum & doge. That’s it.

7. Paul Tudor Jones

Paul Tudor Jones, Founder and Chief Investment Officer of Tudor Investment Corporation. Photo: Eduardo Munoz / Reuters

Hedge fund manager Paul Tudor Jones has pointed out that bitcoin is undervalued. He bought bitcoin in 2020 and throughout 2021. In 2020, he was one of the only hedge fund managers to have bullish sentiment towards bitcoin. In mid-2020, he claimed bitcoin was undervalued. At the time, he bought bitcoin as a hedge against inflation. He added to his crypto stance, and in October told CNBC: Obviously, there is a place for crypto, clearly, is to win the race against gold right now.

8. Michael Novogratz, founder of Galaxy Digital Holdings

Michael Novogratz, President of Fortress Investment Group. Photo: Rick Wilking

In September, as bitcoin was in a bearish momentum, Novogratz spoke to CNBC to say he was not worried about the market’s massive sell-offs and that the red chart signs were an opportunity to “buy the down” .

Read more: Do Bitcoin Charts Predict an Impending Crash in 2022?

9. Cathie Wood American investor and CEO of Ark Invest

Cathie Wood, Founder and CEO of ARK Investment Management LLC. Photo: Brendan McDermid / Reuters

Investment firm Woods has been buying in the tech-driven bull market since 2014. In September, internet exchange-traded fund Ark Next Generation (ARKW) added bitcoin to its prospectus for clients, via Canadian ETFs. Several bitcoin ETFs have been launched in Canada throughout 2021. Speaking to Yahoo Finance in October, she said, “Bitcoin is a new global monetary system. It is a rules-based monetary policy. It’s completely decentralized, it’s a hedge against the whims of policy makers. “

Read more: Philip Hammond: The transition from big finance to crypto is unstoppable

10. Jack Dorsey

Twitter CEO Jack Dorsey. Photo: US House of Representatives Committee on Energy and Commerce / Document via Reuters

Recently Twitters (TWTR) Jack Dorsey posted an image on Twitter warning that the profits and power promised in the Web 3.0 revolution could be funneled into the hands of Silicon Valley venture capitalists. In the image that was posted, a water pipe feeding profits into the mouths of greedy venture capitalists had an Ethereum logo on it.

Read more: Blockchain: Exploring the bricks of Web 3.0

It started a row on Twitter where the outspoken bitcoin maximalist was forced to defend his slander of Ethereum (ETH-USD). On December 23, Dorsey tweeted: I’m not anti ETH. I am anti-centralized, VC owned, single point of failure and corporate controlled lies. If your goal is anti-establishment, I promise you it’s not Ethereum. Don’t believe me or trust me! Just look at the fundamentals.

Dorsey then showed her support for bitcoin by claiming that it would eventually replace the US dollar. Singer Cardi B asked him earlier this week if bitcoin would ever replace the dollar, he said “yes it will.”

[ad_2]