Veteran Investor Calls Bitcoin a Once-in-a-Lifetime Opportunity, Announces Aggressive Buying
Veteran Investor Calls Bitcoin a Once-in-a-Lifetime Opportunity, Announces Aggressive Buying
Gary Vaynerchuk (Gary Vee), the CEO of VaynerMedia and a globally recognized entrepreneur and influential investor, has described Bitcoin’s recent downturn as a once-in-a-lifetime unexpected opportunity and announced plans for aggressive buying.
According to crypto media outlet The Crypto Basic on February 11 (local time), Vaynerchuk recently stated on his social media that he is “buying Bitcoin now” as the price has fallen below $70,000. Rather than reacting to short-term volatility in the crypto market, he emphasized long-term asset value growth and stressed that Bitcoin has entered an undervalued zone.
Vaynerchuk characterized Bitcoin’s drop below the psychological support level of $70,000 as a gift from the market to investors. While market expectations had been high for Bitcoin to surpass $100,000—making the current correction a source of fear for many—he added that it represents an optimal time for him to increase his holdings. Bitcoin is currently trading around $68,000, and he assessed that this price stagnation lowers the barrier to entry for long-term investors.
Drawing on investment insights gained from the early days of the internet and the turbulent period of the NFT market, Vaynerchuk expressed optimism about Bitcoin’s future. He explained that all innovative technologies and assets inevitably go through a period of bubble correction during mainstream adoption, and that Bitcoin’s current struggles are part of a healthy adjustment process. Considering Bitcoin’s scarcity and its position within the global financial system, he analyzed that the current price remains attractive.
Vaynerchuk also shared his conviction regarding the negative sentiment spreading across the broader crypto market. “Most people get excited when prices rise, but real wealth is built when everyone is fearful,” he said, urging investors to tune out market noise and focus on fundamentals. He believes that the longer Bitcoin remains below $70,000, the stronger the buying base will become, laying the groundwork for a powerful rally in the future.
Bitcoin is currently experiencing a period of price stagnation amid global policy uncertainties and supply-demand imbalances. The move by prominent global investment gurus to accumulate large positions during the downturn suggests that market ownership is shifting from short-term speculators to long-term value investors. Vaynerchuk’s remarks offer a new perspective to retail investors gripped by fear and are raising expectations for a reassessment of Bitcoin’s value.
Disclaimer: This article is for investment reference only and we are not responsible for any investment losses incurred based on it. The content should be interpreted for informational purposes only.
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