■Is the Bitcoin DCA Opportunity Over? Here’s What Traders Are Thinking
●With Bitcoin dominance nearing 60% amid price stagnation in late 2024, some traders believe it’s time to pivot accumulation strategies toward altcoins.
●Crypto trader Dyme stated on Dec. 27 that Bitcoin’s dollar-cost averaging (DCA) opportunity is over for the next 1.5+ years. Highlighting the potential in altcoins, Dyme said assets like Dogecoin, Solana, and memecoins could offer better risk/reward profiles in 2025. Existing Bitcoin holders, however, should hold on, assuming market cycles continue.
●The DCA strategy, widely used by 83.5% of crypto investors, involves investing a fixed amount at regular intervals to average purchase prices. A Kraken survey revealed 59% of investors still use this as their primary buying method.
●Tyler Durdan, CEO of Soap Capital, expressed optimism on Dec. 26, stating the “next leg up” for Bitcoin could be its final surge, reaffirming faith in market cycles. Adam Cochran of Cinneamhain Ventures noted, however, that Bitcoin might underperform as regulatory clarity and new launches shift liquidity toward altcoins.
●Despite the altcoin buzz, Blockchain Association CEO Kristin Smith remains bullish on Bitcoin. Speaking to CNBC on Dec. 26, she predicted Bitcoin could reach $200,000, representing a 108% gain from its current price of $95,720. Smith emphasized the potential impact of a new U.S. administration and growing adoption among financial advisers.
●CryptoQuant contributor Darkfost echoed the sentiment, identifying $95,000 as an ideal zone for implementing a DCA strategy. Smith believes retail advisers will drive more capital into Bitcoin, maintaining the momentum despite market uncertainties.
“People are holding for more Bitcoin, not less,” she concluded.