Despite the market downturn, Ripple CTO David Schwartz and Robert Kiyosaki advise the community to buy Bit. The market has historically been cyclical, and BTC has always recovered in the long run.
There are a few specific factors at play. Increased M2 money supply is providing new liquidity. Michael Saylor plans to spend $2.1 billion on Bit, and he is not the only one with a positive sentiment.
Bit supporters, time to buy the dip?
Bit price is not looking good right now. The crypto community is in disarray. Several bearish signals are emerging. President Trump's long-awaited crypto summit failed to alleviate fears.
This week, the market started with a significant correction. However, some commentators like Ripple CTO David Schwartz believe it's a good time to buy Bit.
"To me, it looks like a buying opportunity. There are two types of Bit holders in the world. Those who care about [why they should buy Bit] and those who don't. I'm perfectly fine with both." - David Schwartz, Ripple CTO
To be fair, Schwartz is not the only one saying Bit should be bought now. Michael Saylor has made his company one of the largest BTC holders. He announced the strategic sale of $2.1 billion in stock yesterday.
This sale will fund additional BTC purchases. Why are these figures predicting a short-term downturn?
This morning, a few new bearish indicators emerged. Miners are selling their held assets. Trump's comments on a potential recession have added further unease to the market.
On the surface, it seems like there are only problems ahead.
However, there are a few factors that may make this a good time to play the long game. Arthur Hayes predicts a short-term downturn. A new all-time high will be reached before 2026.
Also, M2 money supply is recovering. This will enable additional liquidity to buy Bit. Even if a downturn occurs, it may be temporary:
"Everything is in a bubble bursting. This downturn could be the biggest in history. It's unsettling and scary, and that's normal. Just don't panic. In 2008, I waited. After the panic and dust settled, I started looking for great real assets being sold at huge discounts. This downturn the world is experiencing could be an opportunity of a lifetime." - Robert Kiyosaki
Kiyosaki, the author and investor, has been predicting a market downturn for weeks. This will be a temporary setback. Bit will recover, and it will be a good time to buy at discounted prices.
Ultimately, no one knows exactly where the market will go. But with its long history, Bit has always bounced back. Cryptocurrencies are known to have weathered much worse situations.
