It’s not a good idea to convert Bitcoin into altcoins

Jul 13, 2020 Forex News

Morgan Creek Digital investment fund partner Jason Williams concluded that converting Bitcoins to altcoins is unprofitable and risky.

Jason Williams tweeted that investors are risking to get a loss when converting Bitcoin to altcoins. Selling Bitcoin to buy altcoin or stablecoin is not the best solution.

williams tweet.jpg

After analyzing the historical data, Jason Williams concluded that today the most correct solution is to hold bitcoins, that is, to be a holder.

And apparently, large investors prefer to keep Bitcoins. The number of holders that store bitcoins for 1 year or more has grown significantly this year.

Daniel Ferraro, head of marketing at IntoTheBlock, said the number of holders has grown significantly over the past 12 months. This analyst considers investors who have been holding bitcoins for more than one year to be scammers.


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