Greyscale: Current price of bitcoin or favourable entry for long-term investors Points

On 23 August, the Greyscale Research Manager, ZachPandl, wrote that investors were usually not advised to try to choose the time, but that, judging from structural adoption trends, market cycles and macro-risks, current bitcoin prices could provide more favourable entry points for investors with long-term investment horizons. According to greyscale, the continued increase in government debt, the increased use of block-chain technology in the area of financial services and the intergenerational changes in portfolio construction suggest that the long-term trend in the use of bitcoin remains strong. The current round of Bitcoin Bears, which has been in operation for about 10 months, was previously usually 11 to 12 months and the market may have entered the latter stages of Bears. The macro-environment remains a major source of uncertainty. If the Fed increases interest rates in the near future, Bitcoin may fall further; if not, the market may have touched the bottom. Greyscale indicates that structural adoption, cyclical location and overall macro-programming are currently relatively favourable, but future performance remains uncertain。