CZ and Kiyosaki Advocate Buying Crypto Amid Market Fear

Key Insights on Market Strategy:

  • Changpeng Zhao, founder of Binance, advises buying during periods of market fear rather than chasing rallies.
  • Robert Kiyosaki highlights risks associated with Japan's carry trade collapse and suggests Bitcoin, Ethereum, gold, and silver as protective assets.

Market Conditions:

  • The Fear and Greed Index currently stands at 20, indicating high fear levels in the crypto market.
  • Bitcoin's metrics suggest a "quiet equilibrium," signaling a stable phase rather than a breakdown.

Japan’s Carry Trade Impact

  • The Bank of Japan's rate hikes have increased government bond yields to levels not seen since 2008, impacting global asset structures.
  • This has led to forced liquidations due to increased borrowing costs and declining foreign asset positions.

Bitcoin’s Market Reset

  • CryptoQuant notes that Bitcoin’s Net Realized Profit and Loss is stabilizing, indicating a neutral market phase.
  • If NRPL remains positive, it could signify a recovery base; a negative dip would indicate weakness.
  • The anchored VWAP shows Bitcoin is undervalued, suggesting potential for accumulation.

BTC NRPL | Source: CryptoQuant

Investors should monitor these trends as they decide on future investments.