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Entrepreneur and investor Patrick Bet-David revealed that he recently increased his holdings of XRP and Bitcoin during the latest cryptocurrency market downturn, signaling sustained confidence in digital assets despite heightened volatility.
Global crypto markets have experienced a sharp decline in recent months, wiping out billions of dollars in market value and fueling concerns that the correction could deepen. Major cryptocurrencies, including XRP and Bitcoin, have been hit by steep price swings in a short period, reflecting broader investor uncertainty.
Long-term strategy over short-term fear
Speaking on his podcast, Bet-David said he purchased “a bunch of XRP and Bitcoin” as prices fell, emphasizing that the decision was part of a long-term investment strategy rather than an attempt to time the market. He highlighted dollar-cost averaging—buying assets gradually at different price levels—as a practical approach for navigating volatile conditions.
“So, I just bought a bunch of XRP and Bitcoin yesterday. I also bought a bunch when it dropped into the high 70s and 80s,” he said.
Bet-David noted that while many investors claim they want to buy assets at lower prices, fear often prevents them from acting during market sell-offs. According to him, disciplined investors who remain focused on long-term trends are better positioned to benefit from periods of market uncertainty.
Ongoing debate around crypto’s role
The recent downturn has also reignited debate over whether cryptocurrencies can serve as effective inflation hedges or operate independently from traditional financial markets during times of economic stress. Analysts point out that digital assets have increasingly moved in tandem with equities, a trend partly driven by growing institutional involvement.
Despite ongoing uncertainty, some investors view the correction as an opportunity to accumulate assets at discounted valuations, particularly cryptocurrencies they believe could see broader adoption in the future
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