Bitcoin may rise again, but robo-advisor users won't have to
- Tri Huynh Thien
- Jul 5, 2024
- 2 min read
Updated: Jul 22, 2024
By Trey Huynh July 5 2024
Bitcoin has continued to express volatile behaviors in the past months, and before you ask, what else is new, things may change for the better, if only briefly.
Back in May, blockchain analysts had suggested Bitcoin price might see a rebound in the coming months. After a rather uneventful month in June, where Bitcoin saw a dip of roughly 7%, historical data shows a surge in price usually happened in July.
But don’t go buy a new car just yet, for there are many other factors involved. If you look at the charts, there were some years that Bitcoin actually slumped in July, even if it was because June performed well in that year.
Despite optimism in the community, some analysts believe things may not turn out as well as they seem, referencing the Mt Gox Bitcoin payout starting in July. The once largest Japanese crypto exchange is expected to pay back creditors in sums upward of $7 billion in Bitcoin. Experts believe this would hinder any opportunistic endeavors.
Historical data showing a possible rebound for Bitcoin price in July. Source: Coinglass
Why crypto robo-advisors are a necessity in the era of AI
The need for crypto robo-advisors is becoming apparent as artificial intelligence gains prevalence in digital markets. Due to their indifference to expert opinions (or anyone else’s) crypto robo-advisors operate with clarity in uncertain times.
Most investors, especially those new to cryptocurrency, may feel overwhelmed by the amounts of data and conflicting information flooding the internet. Even veteran traders sometimes would feel disinclined to evaluate every bit of news or statistics for a single decision.
Crypto robo-advisors work on autopilot and can execute trades strategically and logically according to your predetermined goals. Traditional traders and even AI crypto trading bot users would need to manually adjust their strategies if they wish to keep up with the ever-changing markets. Given that some traders prefer to have their hands in their financial success (or setbacks), those with the manager mindset who like to monitor and command can fully enjoy the convenience of a crypto robo-advisor.
Before you go, check out investy.ai and all of our innovative features designed for an optimal and efficient trading experience! Sign up to get on the waitlist so you’ll always stay in tune with the dynamic rhythm of crypto.
