- The Digital Asset Daily
- Posts
- Bitcoin Got Hammered. I’m Looking to Buy
Bitcoin Got Hammered. I’m Looking to Buy
Oil, 5% Yields and Congress All Hit at Once. The Fed Is Up Next.
Bitcoin got hammered as much as 4.3% yesterday, and I know exactly what a lot of you were thinking.
Is this the start of another leg lower?
I don’t have a crystal ball, so I can’t answer that question.
What I do know is this: for the first time in a while, bitcoin is giving us a price I’m interested in buying.
If you’ve been waiting for a chance to add to your bitcoin position — or start a new one — I believe this pullback is giving you one.
But I don’t want you rushing in just because the screen is red.
First, let me separate what happened in the headlines yesterday from what actually changed with bitcoin’s fundamentals, because those are two very different things.
Don’t Confuse a Bad Day With a Broken Thesis