The Crypto Fear and Greed Index Is Flashing Red. This Is the Only Cryptocurrency I'm Buying Right Now.
Yahoo Finance ·
Now that Bitcoin ( BTC +0.36% ) has dropped below $60,000, it's perhaps no surprise that the Crypto Fear and Greed Index is flashing red. The current reading is 15 out of 100, a clear indication of "extreme fear" in the marketplace. But as legendary investor Warren Buffett once advised, "Be fearful when others are greedy, and be greedy when others are fearful." Of course, Buffett wasn't talking about crypto (and he has always advised against buying Bitcoin), but that same type of mindset can definitely be applied to the crypto market. And that's why I'm buying Bitcoin right now. If others are fearful, maybe it's time to be greedy when it comes to Bitcoin . In other words, it's time to ignore investor sentiment, take all the emotion out of the investment decision, and focus on intrinsic value. And that's where Bitcoin really shines. If there's one cryptocurrency that has been embraced by both retail and institutional investors, it's Bitcoin. While it's fair to ask whether or not Bitcoin is really "digital gold," there's no longer any doubt that Bitcoin is an asset worthy of inclusion in just about any portfolio.
DYAX Investor Sentiment
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