When There’s Blood in the Street (Why It’s Not Quite Time to Be Long Crypto) By CoinDesk

© Reuters.

Timothy Enneking is the founder and the primary principal of Digital Capital Management, LLC (DCM).

Two members of the Rothschild family are credited, perhaps incorrectly, with the (in)famous quote regarding investing: “When there is blood in the street” (James in the mid-19th century and Nathan, after the battle of Waterloo).

The family has been one of the richest in the world for over 200 years, so there’s something to be said for following the advice of its members… In the crypto space, therefore, the question becomes, Is there enough blood in the streets now that it’s the time to buy? I would argue no. Or, more precisely, not quite yet.

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