23 Dec Why investors are buying at 23K
I have seen many posts asking who would buy now. Or If hedge funds are so smart why didn’t they buy before. Here is why
- Just heard of it. 2.DCA
- Stigma has gone down. So they are adding.
- Earning more fiat but nowhere to put it. Real Estate too expensive, stocks too frothy (overvalued eg Tesla pe of 1300)
- Stigma has gone down.
- Marketcap big enough to be of interest. You will not see large funds getting involved with Microcaps sometimes even small caps. They need liquidity.
I am probably missing many other reasons, feel free to add.