Benzinga - The Bitcoin Therapist, a prominent figure in the crypto world, admitted to taking a high-risk gamble, staking his entire fortune on Bitcoin’s (CRYPTO: BTC) success.
What Happened: The Bitcoin Therapist revealed that he has put his entire wealth into Bitcoin. He acknowledged the risk, stating, "If Bitcoin fails, I will be absolutely wrecked. It will take years to recover."
He further outlined his decision, saying, "I'd rather lose everything than miss out on the most asymmetric opportunity of my lifetime." He also revealed that he has been consistently buying Bitcoin, even at its highest and lowest points in 2021 and 2022, respectively.
The Bitcoin Therapist's investment strategy is heavily skewed towards Bitcoin, more than ever before. He admitted that his approach might seem reckless to some, but he believes it’s justified when viewed through the "Bitcoin lens."
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Why It Matters: The Bitcoin Therapist’s bold move and willingness to risk financial ruin for the potential of a significant payoff highlights the allure of Bitcoin for many investors.
His strategy of buying at both the peak and the trough of Bitcoin’s price cycle also sheds light on the long-term investment approach adopted by some crypto enthusiasts, who remain undeterred by short-term price volatility.
Voicing similar bullish patterns, Titan of Crypto noted that the Bitcoin "bull run is still intact." He advises to not get trapped in short-term price action and "best is yet to come."
#Bitcoin Bull Run is still intact.