Fear prevails in crypto money markets. The Crypto Fear and Greed Index declined to 25 to 25, showing that investors are in “extreme fear .. However, the fact that Bitcoin (BTC) traded around $ 82,000 at the same time indicates that this fear can be exaggerated.
According to Analysts Lark Davis, there is a psychological reason at the basis of this wave of fear: Recency Bias (Recancey Bias). This emerges by investors’ high meaning on the latest events. As Kriptokoin.com, we transfer the details.
Recently past bias: psychological trap that increases fear
Davis, social media platform X in his share in his share of investors attach great importance to short -term movements, he said. For example, six months ago, Bitcoin was $ 65,000, while the index was at the “neutral” level. Today, although Bitcoin is around $ 80,000, the index shows “extreme fear ..
This confirms the psychological tendency known as recently known as the past. Investors focus only on the latest price movements by ignoring the long -term appearance. According to Davis, this leads to the wrong decisions in the market.
Michael Saylor: “Bitcoin is the most useful…”
Michael Saylor, the president of Microstrategy, thinks that the panic atmosphere is irrelevant. According to him, Bitcoin’s fluctuation is actually his benefit.
“Bitcoin is the most used, the most liquid asset. So the most fluctuating, Say Saylor emphasizes that it is natural. He also says that short -term volatilities do not affect the long -term value of Bitcoin, on the contrary, reinforce the value storage feature.
Arthur Hayes: The dollar is weakening, Bitcoin gets stronger
Arthur Hayes, former CEO of Bitmex, drew attention with a different interpretation. According to him, the US economic imbalances will ultimately be overcome by money printing. This is a positive development for limited desirable assets such as Bitcoin.
Hayes, “Some of you are in panic, but I love customs duties,” he said that the weakening in the dollar will benefit Gold and Bitcoin. The Dollar Index (DXY) predicts that Bitcoin can gain strength in the medium term.
Last figures: There is a decline but no crisis
Bitcoin lost 4 %in the last week and 1 %in the last 24 hours. However, it is still traded at $ 82,000.
According to experts, such short -term ups and downs are part of Bitcoin’s structure. The important thing is to be able to see this volatility as an opportunity instead of fear. The crypto fear and greed index may not always reflect the long -term picture.
