The crypto bull run is a marathon, not a sprint, says Ran Nunner
Amid the ongoing speculation surrounding the rise in value of major cryptocurrencies and altcoins, renowned venture capitalist Ran Nooner urged his online audience to take a more measured approach. It suggests looking at the situation as a marathon rather than a marathon.
“The winners are the winners in the end. At the beginning you will get REKT who run very fast!” Nunner said.
Investors should approach the Crypto Bull Run with caution
In a recent post on X (formerly Twitter), Nunner advised his 736,400 followers not to jump into the crypto market as prices are rising across the board.
“Treat this bull market like a marathon (42 km). We have already done 10 km, 32 km to go.
“There are 32 kilometers of opportunities ahead of us,” he told his followers. Additionally, they are concerned that they don't need to find every trade or execute every trade correctly.
“Many people rush to find their treasure, so they get REKT before the end!”
Read More: How To Make Money With Cryptocurrency: Top 4 Ways In 2024
Crypto Bull Run Could Be ‘Biggest' Ever, Analyst
On November 14, BeinCrypto reported that Bitcoin reached its highest point in 18 months at $37,000. Optimism is growing that U.S. regulators will soon approve a bitcoin exchange-traded fund (ETF), one analyst has suggested, leading to the next bull run.
However, cryptocurrency analyst el_crypto_prof has suggested on X that Bitcoin is on the cusp of its “biggest bull run of all time.”
The analyst said BTC recently saw a rare buy signal eight years ago.
Read more: Crypto trading during the holidays: 5 key historical trends
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