As Bitcoin falters, Metaplanet conveys a message that goes against the grain.
As the cryptocurrency fear index reaches historical highs, Metaplanet's CEO displays an unsettling calmness. Simon Gerovich is embracing Buffett's philosophy to encourage investors to do just the opposite of the crowd: buy when everyone is selling. A bold stance, especially since his company continues to accumulate bitcoin despite the crisis.
In short
The CEO of Metaplanet quotes Warren Buffett to encourage buying during the current cryptocurrency panic.
The CoinMarketCap fear and greed index has reached historically low levels, indicating extreme fear among investors.
Bitcoin reached $60,000 before quickly recovering to $70,000.
Areas of extreme fear have historically coincided with the best market entry points.
Metaplanet's bold bet amid the cryptocurrency debacle
On February 7, Simon Gerovich shook the crypto community with a shocking post. The CEO of Metaplanet echoed the legendary saying of Warren Buffett: "Be greedy when others are fearful." This message came just as CoinMarketCap reported a drop in its fear and greed index to the "extreme fear" zone.
This moment was not a coincidence. Bitcoin had just grazed $60,000, wiping out two years of gains and sowing panic among holders. Massive sell-offs multiplied and volatility skyrocketed.
However, Gerovich sees something more than a collapse. The chart accompanying the message reveals a recurring pattern: each period of intense terror in the past twelve months has coincided with a market low, systematically followed by a vigorous recovery.
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$COIN
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