Ryan Selkis, CEO of the Messari platform, has commented on the collapse of Bitcoin below $20,000 at the end of last week, saying that it is the perfect time to accumulate reserves in the digital currency.
On Twitter, the executive has noted that this is the last drop before its new price surge. Therefore, investors who have been waiting for the right time to enter the market should now take advantage of the opportunity and buy BTC.
Last week, the coin fell below $20,000 for the first time since the start of January, testing values around $19,659. However, it experienced a slight recovery on Saturday, reaching $20,503.
Since then, its capitalization has decreased by nearly 9% to $396.871 billion. Analysts believe that if the Federal Reserve raises the discount rate this week, bitcoin will come under more selling pressure and the pullback will resume.