Waiting for Bitcoin (BTC) to rise in the middle of the bloody March is quite difficult. Although the biggest cryptocurrency has lost all of its gains in 2020, some traders and analysts show that they trust that it will rise again by investing in orange money.
Mati Greenspan, founder and analyst of Quantum Economics, shared a very surprising revision in his cryptocurrency portfolio.
Greenspan announced from his personal Twitter account that he moved all his digital assets that he operated on the eToro trading platform to Bitcoin (BTC) because he thought the panic and altcoin season caused by the coronavirus outbreak was over.
Altcoins are out of season…
In lieu of the #coronavirus uncertainty, I’ve moved my entire portfolio @etoro to $ BTC until further notice. https://t.co/gnntcırm7p pic.twitter.com/brzycmcw38
– Mati greenspan (tweets are not trading advice) (@matigreenspan) March 11, 2020
The analyst stated that he will keep his portfolio this way until the next announcement.
The World Health Organization’s (WHO) declaration of coronavirus as a pandemic has led to increased measures taken due to the virus. While the ohal was declared in many countries, US President Donald Trump announced that they had suspended trips from Europe to the USA for 30 days. Trump’s announcement boosted the panic mood.
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