Wu Blockchain (@WuBlockchain): Coinbase’s Head of Institutional Strategy: Dollar Cost Averaging Is Your Friend

Coinbase’s Head of Institutional Strategy: Dollar Cost Averaging Is Your Friend John D'Agostino, Institutional Strategy Lead at Coinbase, stated on Yahoo Finance's podcast on November 24th that the number of active Bitcoin wallets currently is roughly the same as it was three months ago. While open interest in CME and Coinbase Bitcoin futures has declined slightly, it is not aligned with price movements. Addressing retail investors who bought crypto assets at this year's peak, he drew on nearly 20 years of experience in the hedge fund space to advise that dollar-cost averaging is essential for any volatile asset. He emphasized that even the world's top investors cannot accurately time the market, and blindly going all-in on market timing will ultimately lead to repercussions from the market. For those who have already made such moves, he urged them to learn a lesson and maintain consistency and persistence in their investments over the long term, as failing to do so will undermine long-term alpha performance. Video Source: https://t.co/rFOkGPOLrn