Crypto Millionaire: Now is the Best Time to Invest in BTC

• BitBoy Crypto and Didi Taihuttu discuss Bitcoin investment ahead of 2024 bull market.
• Taihuttu predicts Bitcoin’s peak will likely occur around October 2025.
• Taihuttu expresses confidence in Near Protocol and Polkadot’s performance potential.

Recently, BitBoy Crypto, a renowned channel for cryptocurrency analysis, shared a YouTube video with Didi Taihuttu, a prominent Dutch entrepreneur and Bitcoin investor. The discussion centered around the importance of Bitcoin investment in anticipation of the 2024 bull market. The video, aptly named “Sell Everything, Buy Bitcoin,” showcased the crypto millionaire’s perspective that the conclusion of the prevailing bear market offers a golden opportunity for prospective Bitcoin investors.

Following a succinct preamble, Taihuttu addressed the pressing query of the moment, underlining: “Assuming I possessed a residence, a vehicle, and all other assets I had seven years prior, I would liquidate all to fully invest at this point, given that we are currently at the nadir of the bear market cycle.”

Taihuttu recommends that novice traders initiate their trading activities against large institutions and individual investors during a bull market without liquidation. He further highlights that the optimal selling period is roughly 18 months post-harvest when Bitcoin reaches its zenith. As per Taihuttu’s projections, this peak will likely occur around October 2025.

CryptoQuant data reveals a direct correlation between Bitcoin’s price drop and miners liquidating their cryptocurrency assets. A study of the 14-day Simple Moving Average (SMA) for Bitcoin’s Miner to Exchange Flow shows a 35% surge since August 31. The price volatility of Bitcoin is strongly linked to the times when network miners move their coins to spot exchanges, causing both upward and downward price shifts, as explained by a Bitcoin analyst. As per CoinMarketCap, the premier cryptocurrency is currently trading at $25,967.

Beyond dominant cryptocurrencies like Bitcoin and Ethereum, Taihuttu is confident that Near Protocol and Polkadot will surpass others in performance. However, he openly admitted his reluctance to invest in Ripple due to its high centralization despite acknowledging its potential as an efficient payment solution for banking institutions.

CoinGecko data reveals that NEAR is trading at $1.14, with a 24-hour trading volume of $53,623,172.59. The cryptocurrency has seen a marginal uptick of 0.98% over the last day. However, it has experienced a 1.85% dip in its price over the previous week.

In the meantime, Polkadot has seen a marginal increase of 0.20%, with its current trading price at $4.29. Furthermore, there’s a wave of positive sentiment within the DOT community following a recent proposition to enlist its token as an asset on the Kusama Asset Hub.