Recently, the Bitcoin price experienced a major correction when it lost over $1,000 within a few hours and around 15 percent within a week.
Many prominent investors and Bitcoin bulls, such as Mark Yusko from Morgan Creek Capital, or the angel investor Anthony Pompliano, published Twitter posts saying that it is time to buy BTC while it has gone cheaper.
Now, a co-founder of Titan Ventures and the creator of the Coindust app, Michael Nye, has taken to his Twitter handle to announce that whenever Bitcoin price goes under $8,000 he goes and buys it to receive higher yields later on.
Anytime $BTC dips under $8k, I’m buying. 💰— Nye (@MrMichaelNye) October 9, 2019
At the time of writing, Bitcoin is exchanging hands at the price of $8,207.
Earlier on Wednesday, U.Today reported that one of crypto traders, "Credible Crypto", voiced his opinion that the Bitcoin price is going to head for the $14,000 level.
Are you expecting the Bitcoin price to rise soon or will it continue to go down? Feel free to share your opinion with us in the comments below!