Jan 6, 2026
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Bitcoin Hits Three-Week High Above $93,000 Amid Market Rally
An expert advised against expecting a sudden Bitcoin boom to get rich, emphasizing "time plus stacking" as a more reliable strategy. This approach involves regularly buying small amounts and holding them long-term to avoid emotional trading.
Bitcoin as a Store of Value
- Bitcoin's supply is capped at 21 million coins, highlighting its potential as a value-preserving asset.
- Long-term holders use Bitcoin to store value earned elsewhere, focusing on consistent accumulation over quick profits.
- Fiat currency often depreciates, while Bitcoin's limited supply aims to preserve value through market cycles.
Price Movements and Political Influences
- Bitcoin recently hit a three-week high, trading above $93,000, marking a 2.54% increase and crossing its 50-day moving average.
- The cryptocurrency has risen about 6% this year after a 22% drop in the fourth quarter.
- Political events, such as Venezuela’s leadership changes, have affected market dynamics, pushing investors toward safe-haven assets without deterring interest in riskier investments like tech stocks.
Investor Strategy
- Veteran investors recommend steady buying and patience over market timing.
- This strategy minimizes emotional reactions to market fluctuations, promoting routine accumulation and long-term holding.
Market Signals and Decision-Making
- While traders can use technical signals like moving averages to gauge momentum, they are not standalone strategies.
- For protecting savings with Bitcoin, consistent accumulation and long-term holding are advised over chasing short-term gains.