Holding Bitcoin (CRYPTO: BTC) through every downturn is the only strategy that has consistently worked in crypto, according to Dragonfly Managing Partner Haseeb Qureshi.
Yet, he says most people don't do "the obvious thing." The Only Strategy That Has Ever Worked In Crypto Is Holding Speaking on the When Shift Happens podcast in July, Qureshi said he entered the industry in late 2017 and watched Bitcoin fall from $19,000 to $4,000 with Ethereum dropping below $100.
He said 2018 may have been worse than post-FTX because at least after FTX, investors had someone to blame.
In 2018, there was nobody to point a finger at.
"There are so many people I know who came into crypto at the same time I did and didn't make money," Qureshi said.
