Bridger PenningtonFund Launch & Investment Expert

The Crypto Market is Bloody. So is It Time to Buy?

3 Jan 2023 · 1 min

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0:46

Bridger Pennington discusses whether the crypto crash is a buying opportunity. The conversation references FTX, BlockFi, and Luna's collapses, and uses Amazon's 90% drop as a historical example of recovery. The speakers argue for gradual buying over lump-sum investments.

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We were talking yesterday about like, okay, what's bloody right now, right? Crypto's bloody, great buy, right? I believe—
You have FTX, you have BlockFi blown up, you got Three Arrows Capital, you've had Luna. I mean, blood is like across the whole market. Oh man.
We're talking about crypto markets, but also certain Chinese companies beat to crap from their lockdowns, right? Tech companies and American tech companies, there are some insane bargains now. No, no, I'm not saying people should ape into it and buy big amounts. Well, they should be like trickling in a little bit, right? I remember though, what was Amazon dropped like 90-something percent, more than 90%. Everyone's like, I wouldn't touch that stock with a 10-foot pole. It's a crappy online bookstore. But man, imagine if you just trickled a little, I don't know, like $10,000 or something. You'd probably be doing all right.
Yeah.
Yeah, it's pretty wild. We're sitting in it.
I know. It's hard to recognize when you're sitting in it. But yeah, it's cool when you're there.