Willy Woo: Willy Woo – Bits Media

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Willy Woo, that despite the “high level of fear” in the digital asset market, It is too early to talk about the predominance of "investors-medals".

Willy Woo (Willy Woo) stated on his Twitter, that demand for Bitcoin remains high - despite the depreciation of the first cryptocurrency. Long-term investors are in no hurry to sell off their holdings, so now is a good time to buy BTC:

"Structurally, according to blockchain data, the market doesn't look bearish. Although the level of fear among investors is extremely high. Yes, people are afraid, but usually this is just an opportunity to buy bitcoins", - says Wu.

According to the analyst, BTC rate is unlikely to drop to $20,000. It would be too fast, and “bullish investors” have not yet lost their momentum. Such a fall can indeed confirm the transition to a bearish trend in the market and a prolonged phase of asset accumulation, the analyst argues. But Wu is sure: for something like this, the market has spent too little time in the growth phase.

“In terms of human acceptance, Bitcoin is at the same level, what is the Internet in 1997 year. But Bitcoin is growing faster. In four years, the number of BTC owners will reach a billion, whereas the Internet took eight years to achieve this.”, - says Willy Woo.

Long term perspective, from an analyst's point of view, looks extremely positive for the first cryptocurrency. Along with the adoption of BTC, the exchange rate will also increase, because the number of digital coins is limited.

Willy Woo previously said, that the decline in the price of Bitcoin in December last year was associated with the closure of transactions by traders in the futures markets.