Get a mop because the streets are flowing with Bitcoin’s BLOOD…
At time of writing, it’s down 18% in 24 hours.
And much of the crypto space followed suit…
So, if you’re invested in crypto… should you join the panic sellers and throw all of your crypto out of the window?
Or use this as a buying opportunity to stock up on promising coins on the cheap?
The consensus in the Crypto With Kash Telegram group is that the crash is a massive “discount” buying opportunity…
So, many of us are buying up more of the coins in the portfolio (which, despite the wider market crashing, is still up 74%).
At times like this, you’ve really got to zoom out from being lost in the trees and take a look at the ENTIRE woods… in other words, the long term trends in this market.
And, as I said in a previous email, “the woods look good”, even for big boy Bitcoin…
Still, you’re probably wondering…
What triggered the crash?
There’s one main “villain” in this latest episode of Crypto Crash, and his name is…
Elon Musk.
OK, we can’t blame it all on tech billionaire “Evil Elon”…
There are plenty of hedge funds piling in to exacerbate the crash, presumably to grab a bargain, or as Bet Chat’s Josh Allen says…
“It’s a classic case of making sure the proles don’t make too much money.” – Josh Allen, Bet Chat
That said, Elon’s recent actions and Tweets have undoubtedly had a MASSIVE impact on the crypto markets.
Back in February, he hit headlines when his company Tesla bought $1.5 BILLION worth of Bitcoin, and introduced plans to start accepting it as a payment…
Then just last week, he had the “epiphany” that Bitcoin mining was having an environmental impact (which he undoubtedly already knew), and Tesla stopped accepting Bitcoin as payment…
He then proceeded to talk down Bitcoin and cryptocurrencies in a string of Tweets, like this one…
And, unsurprisingly thanks to his level of influence, over the last week we’ve seen the crypto markets go down, down, down… especially because people were assuming Elon was getting ready to sell Tesla’s $1.5 billion worth of Bitcoin.
Except he didn’t sell…
Today, after the most recent leg of the crash, he confirmed that Tesla is still bullish on Bitcoin and NOT selling…
And now the wider crypto community is following suit, coming out with more and more positive news…
So, did Elon crash the markets so he could buy up more crypto at a bargain price?
Is he actually concerned about the environmental impact of Bitcoin?
Or is he just enjoying being the world’s first billionaire Twitter troll?
We’ll see over the next few weeks…
For now, I want to get across a very important message…
NOTHING in the fundamentals of Bitcoin, or any other cryptocurrency, has changed in the last week.
Forget about what’s happening on social media…
Forget about which side of the bed Elon Musk woke up on…
And instead invest in cryptos that provide a real utility that people are already using… because ultimately those are the cryptos that will stick around over the long term.
This is exactly why the Crypto With Kash portfolio is still up 74% while the rest of the market is correcting…
And we already locked in some of those returns on one of our picks, so really we’re up even more than that!
If you’re not scared off by Bitcoin bleeding a little in the streets, and you’d like to know which cryptos to stock up on while they’re at bargain prices…
You can still grab membership to Crypto With Kash at a bargain price too…
Secure your £119 discount off Crypto With Kash membership now.
