Ultimately, he said, the relative crash is a good thing for the market as it will consolidate and cull weaker assets. Smith said the recent downturn should serve as a reminder of the importance of “dollar-cost averaging” and slowly building a position over time.
Estimated reading time: 0 minutes, 24 seconds
More Pain Coming, But It’s OK in the Long Run: Crypto Bull Peter Smith
Blockchain.com CEO Peter Smith said the recent downturn in the crypto market is not likely to disappear anytime soon, and he expects “more pain” in coming weeks. So reports CNBC.
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