Most of the time, it has been a sound advice to buy the rumor and sell the news, that is, buying an asset ahead of the news of one event which is bullish in nature, and selling the same asset immediately after the release of the news, when the market is still reacting bullishly with high volatility.
But today, I’m going to stick my neck out and utter the Four Eternally Cursed Words of Finance. “It’s different this time.”
We’re on the cusp of a highly anticipated catalyst that many will wrongly interpret as a “sell the news” event. Sooner than you think, this #BTC #etf will instead seem an obvious “buy the news” opportunity. Down the road, it will prove to be one of the greatest wealth-creation events ever seen.
And frankly, instead of focusing on this event, you should be buying the “rumor” of this #BTCETF which is expected to drop in few days time and when the news is out, "buy more" because BTC may not see this low again.
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