By cryptoadmin Jack Yi, the founder of LD Capital, who had consistently expressed optimism about Ethereum ($ETH) until the beginning of February despite the declines that began in October, has finally given up hope on $ETH.
Yi stated that he was one of those who felt the most pressure during the drop in early February, and admitted that being prematurely optimistic about Ethereum was a mistake.
Now, LD Capital founder Jack Yi has said he’s fully invested after his venture into Ethereum.
JackYi stated in a post from his X account that all of his money is invested, but did not specify what he was investing in.
Yi also revealed his prediction for Bitcoin (BTC), adding that he expects a recovery to between $85,000 and $90,000.
Yi stated that there had been many declines in the market, but he believed a significant recovery would follow. However, he did not see this recovery as a trend reversal and had not taken any short positions.
It was previously reported that an organization called Trend Research had accumulated approximately 790,000 $ETH ($2.59 billion) between November of last year and February of this year, and sold its entire position on February 7th, incurring a loss of more than $700 million.
*This is not investment advice.