Sponsored content
PERSPECTIVE and a willingness to ride the wild tides are everything in this game. Don’t panic.
The market has shown time and again that it bounces back stronger. Just look at the recoveries from 2020’s Covid crash or 2022’s FTX meltdown.
In Today’s World, Blackrock chief executive Larry Fink says: “There is a role for crypto in the same way there is a role for gold; it’s an alternative.” Bitcoin’s no longer the dodgy fringe asset, it’s gone mainstream as a hedge against inflation, alongside gold.
Highs and lows
Bitcoin hit an all-time high, peaking at $126,210 on Monday 6 October, only to get walloped, crashing to a settled low of $110,000 on Thursday 10 October, after the largest single-day liquidation event in crypto history at $19.13 billion. It’s since clawed back, hitting $116,115 by Sunday 12 October, up $6,115 from the low. As of 13 October, it was sitting at around $115,000, showing the market’s grit even after a 7.8% weekly drop. This crash wasn’t just crypto being volatile, it’s a young market, inherently riskier in response to geopolitical events.
On Liberation Day, when US President Donald Trump first announced tariff hikes, $2.4 trillion was wiped from the S&P.
This time, his 10 October Truth Social post, about slapping 100% additional tariffs on all Chinese imports starting from 1 November, plus export controls on critical software, sparked a $2 trillion wipeout across US markets. The Nasdaq fell 3.56%, the S&P 500 dropped 2.71%.
How do you play this? The balance approach is to employ a dollar-cost-averaging strategy where you buy a little over a period of time, limiting your downside as the market fluctuates.
Analysts predict that Bitcoin will hit $130,00. This is a conservative year-end prediction (with Standard Chartered eyeing $200,000). Markets have risks, but a solid dollar-cost-averaging strategy can help minimise losses and maximise returns.
Get in touch today with the Moneybrain corporate team for Bitcoin dollar cost averaging and custodian options or simply download our app and purchase Bitcoin and curated crypto currencies today.
