Millions of new crypto investors could soon experience their first bull run, with some predicting it could happen as early as 2024. Ben Simpson, founder of education platform Collective Shift, warns that a bull market is chaotic and advises investors to have a clear investment goal and set sell prices for their assets to avoid holding onto them for too long. James Butterfill, head of research at CoinShares, suggests implementing dollar-cost averaging to mitigate volatility. CK Zheng, co-founder and CIO of hedge fund manager ZX Squared Capital, recommends investing in well-established cryptocurrencies like Bitcoin and Ether. Deryck Graham, founder of crypto hedge fund Portal AM, advises balancing investments between speculative and mature cryptocurrencies and considering tokenomics, dev team track record, and market momentum. Markus Thielen, head of research at Matrixport, suggests investing in new cryptocurrencies driven by new themes. All experts warn against overexposure, taking loans to invest, and trading with leverage. It’s also important to prioritize mental health and take breaks from monitoring the markets.
