The post Patrick Bet-David Accumulates More XRP as Crypto Market Wipes Out Billions appeared first on Coinpedia Fintech News
Entrepreneur and investor Patrick Bet-David said he recently purchased additional XRP and Bitcoin during the latest cryptocurrency market decline, signaling continued confidence in digital assets despite sharp volatility.
Global crypto markets have fallen significantly in recent months, erasing billions of dollars in value and raising concerns among investors about whether the downturn could deepen further. The sell-off has affected major tokens including XRP and Bitcoin, both of which have seen large price swings over a short period.
Focus on long-term investing
Speaking on his podcast, Bet-David said he bought “a bunch of XRP and Bitcoin” as prices dropped, describing the move as part of a long-term investment approach rather than a short-term trade. He opened up about dollar-cost averaging, a strategy that involves buying assets gradually at different price levels, as a key method investors can use during volatile markets.
“So, I just bought a bunch of XRP and Bitcoin yesterday, and I bought a bunch when it dropped to whatever the number was in the 80s , you know, high 70s, 80s.”
According to Bet-David, many investors say they want to buy assets when prices are lower, but fear often prevents them from acting during sharp market declines. He said disciplined investors who stay focused on long-term trends are more likely to benefit from such periods of uncertainty.
Debate over crypto’s role continues
The recent market decline has also renewed discussion over whether cryptocurrencies can act as inflation hedges or independent assets during economic stress. Analysts say that digital assets have recently moved more closely with traditional financial markets, partly due to rising institutional participation.
Despite the uncertainty, some investors believe the correction could present an opportunity to accumulate assets at lower valuations, especially for tokens they expect to gain wider adoption in the future.