Source: Cointelegraph Original: "{title}"
A founder of a cryptocurrency hedge fund stated that cryptocurrency traders are increasingly uncertain about the short-term market, while cryptocurrency developers are more optimistic than ever, creating an excellent investment environment for long-term investors.
Ari Paul, founder of BlockTower Capital, mentioned in a post on X on March 14: "This is one of the most obvious divergences I've seen between market sentiment and fundamentals."
Optimism among "outsiders" in the cryptocurrency space is on the rise
Paul noted that despite traders and analysts recently adopting a bearish stance on cryptocurrencies, developers, and more broadly, those working in cryptocurrency companies less affected by market cycles, remain significantly more optimistic. Paul stated: "Basically, all the data indicators I hear from any cryptocurrency-related projects or companies that do not rely on short-term 'insiders' are positive."
Source: Nic Puckrin
Based on this, he believes that within a "12-month timeframe," cryptocurrencies are "a good asset to buy," but he is uncertain whether cryptocurrencies have already hit a short-term bottom. Cryptocurrency analyst Matthew Hyland recently stated that the only way for Bitcoin to confirm its true bottom is for the weekly closing price to rise above $89,000.
However, on March 14, the overall cryptocurrency market saw a slight increase, giving traders a bit more confidence in the short-term market.
According to CoinMarketCap data, Bitcoin (BTC) surged 3.16% in 24 hours, reaching $84,638, Ethereum (ETH) rose 1.79%, and Ripple (XRP) saw a significant increase of 6.01%.
In the same 24-hour period, the "Cryptocurrency Fear and Greed Index," which measures overall market sentiment, surged 19 points to 46. Although it remains in the "fear" range, it is close to the neutral zone.
Source: Dan McArdle
Michael van de Poppe, founder of MN Trading Capital, stated that the price surge of Bitcoin in the past 24 hours has boosted his confidence in the asset, and he expects Bitcoin to resume its upward trend before June.
The cryptocurrency market presents opportunities for "sustainable value" investments
Poppe mentioned in a post on X on March 14: "It is clear that a higher low has formed, and it has clearly reached a high."
He added: "We are very likely to start a new upward trend in a shorter timeframe, welcoming a good second quarter."
Paul also indicated that now might be the right time to explore cryptocurrency investments in a traditional venture capital style from a longer-term perspective.
Paul stated: "Now is a good time to look for 'traditional' style cryptocurrency venture investments. By 'traditional,' I mean focusing on the longer term, truly concentrating on creating sustainable value rather than quick monetization investment schemes."
Related: Data predicts the return of a bull market, Bitcoin aims for a target price of $126,000 by June.
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