Goodman: Crypto is ‘once-in-a-generation opportunity’

30 May 2019

Cryptocurrencies Bitcoin and other cryptocurrencies offer a “once-in-a-generation” opportunity for investors, says trading legend Glen Goodman.
 
The UK-based financial investor and one of the most-followed trading experts on social media urged people to “grab it [the opportunity] with both hands” in his new book: The Crypto Trader.
 
He writes: “I've taken my years of trading experience and applied it to a brand-new market… Crypto is the Wild West of trading, and that means the risks, as well as the rewards, are greater.”
 
According to Forbes: “Goodman’s book comes as the bitcoin and cryptocurrency market is keenly awaiting institutional investment in the fledgling industry, with the world's biggest technology companies, including social media giants Facebook and Twitter, eyeing Bitcoin and crypto as a potential new revenue driver.”
 
Mr Goodman says: “Even during the 2018 slump, I found there were still good profits to be made, though it's much easier making money during a raging bull market.
 
“A multi-billion-dollar market has arisen from nothing in less than a decade. Huge fortunes have been made. Some, of course, have been made and then lost almost as quickly—as with any new market, there are dramatic up and downs—but many more will be made in the future.”
 
The book is published as Bitcoin, the world’s largest cryptocurrency by market cap has enjoyed year-to-date gains of 140%, and it has gone up by 70% during May alone.
 
“A growing number of investors are beginning to acknowledge bitcoin as an established safe haven and a non-correlated asset that operates in a market which regulators have begun to provide oversight in,” reports CCN on Thursday.
 
“The adoption and perhaps the introduction of regulatory frameworks in countries like the U.S., South Korea, and Japan have led institutions to become more comfortable in providing services in the crypto market.”