Nikki Beesetti Says She's Going to Hold onto Her Crypto

Nikki Beesetti Says She's Going to Hold onto Her Crypto

July 12, 2022

Nikki Beesetti is an early bitcoin investor that is certainly feeling the heat – along with several other traders – in recent days following the endless array of crypto dips. However, it looks like she’s not letting the gloom and doom of the industry get to her all that much, and she’s planning to hold onto her stash despite the negative prospects.

Beesetti Still Feels BTC Is Valuable

The crypto space has been suffering for the past several months, though nothing compares to the dips and drops of recent weeks. Bitcoin was trading for a new all-time high of roughly $68,000 per unit in the month of November 2021, though now it has shed virtually all its gains of the past five years and is just barely over the $20,000 line. This was around the high it attained at the end of 2017.

Beesetti says that she certainly feels nervous about the state of the space right now, though she’s not going to let things hit her too harshly. She plans to keep her investments up, and she believes that the crypto space is going to “recover” in the long run.

In a recent interview, Beesetti announced:

My portfolio has tanked quite a bit…I think partly it’s due to everything that’s happening in crypto right now. However, I still see crypto as a long-term investment… I’m [holding onto] my portfolio and my crypto [stash.]

She still believes that bitcoin has a lot to offer. She is confident the space will eventually come back and lead investors into what will likely be glory days of trading. She commented:

I would say I am… nervous and uncomfortable… In the history of crypto, you always see these dips happening. However, they recover in the long term. I’m hoping that in the long term, this will be a good investment.

Beesetti, for the most part, has a very long and stable history with her bitcoin use. Not long ago, she explained that she was able to fund an entire semester of her college education through a single bitcoin investment. She mentioned:

I was able to buy one bitcoin with $2,000 which ended up turning out to be $19,000 by the end of 2017, and that was just enough for me to pay my tuition.

These Dips Happen!

She commented that it would be very “hard” for her to cash out right now, though she may feel more confident in doing so once bitcoin moves back up again, which she believes will eventually happen.

There are many factors likely contributing to the ongoing bitcoin crash, a big one being that inflation is at an all-time high. The Fed continues to hike rates as a means of combating ongoing price jumps, and recently implemented a 75-point hike, the largest one in roughly 28 years.

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