Investors who cashed in on their bitcoin (BTC) holdings before the token hit the USD 20,000 threshold have been eating humble pie – with one admitting, “When I sold bitcoin at USD 19,000. I thought I was the smartest person around.”
The admission came in an interview with Mohamed El-Erian, a prominent economic adviser at Allianz and the President of Queens’ College at the University of Cambridge conducted by the Centre for the Study of Financial Innovation.
He stated,
“I was asked on a TV show when bitcoin was at USD 19,000, ‘Would you be a buyer?’ And I said I would not buy until the price goes [down] to below USD 5,000.”
El-Erian then went on to explain that he did indeed buy at USD 5,000, but later proceeded to cash in when the token reached the USD 19,000, thinking that his move had been “smart.”
https://cryptonews.com/news/economic-experts-flummoxed-by-btc-s-spectacular-rise-sold-at-8954.htm