How volatility drove one crypto trading strategy to 280x Bitcoin’s gains
What does a highly volatile asset class offer traders, beyond palpitations and the occasional heart attack? Opportunity.
Nicole Wirick of Prosperity Wealth Strategies in Michigan summed it up for Forbes: “Market volatility is a normal part of investing and is to be expected in a portfolio. If markets went straight up, then investing would be easy and we’d all be rich.”
And during the decade-long bull market on Wall Street, some participants who should know better appear to have forgotten this, as they’ve become used to steadily-increasing stock prices over a period of years.
JPMorgan Chase CEO Jamie Dimon, who infamously referred to Bitcoin as a “fraud” in 2017, told the U.S. House Financial Services Committee this week that “My own personal advice to people is: stay away from it.” And yet at his own shareholder meeting on May 18, he said that “A lot of our clients are…