Cryptos: Risk-averse investors ‘cannot ignore’ this steady path to profits, analyst says

He told his 109,000 followers on Twitter TWTR, -3.81% that his model has resulted in reliable profits historically and “could easily” net a 70% return going forward.

In other words, buy in, wait and sell out. That goes against the bitcoin mantra of “HODL,” but it also represents a perhaps less risky way to get in on the crypto action.

“It doesn’t really matter much because the (historical) odds are 9 to 1 that you earn a positive return,” PlanB said in response to someone questioning when to start the process.

Investing in those steady increments is easily accomplished on Jack Dorsey’s payments company Square, which allows automatic purchases of bitcoin in repeating cycles.

According to Cointelegraph, a $10 weekly purchase of bitcoin over the past three years would have returned 65% — $1,570 would turn into $2,588 to easily outpace the stock market.

Meanwhile, bitcoin continues to enjoy a strong 2020, rallying some 35% compared to declines on the S&P 500 SPX, -0.67% and Dow Jones Industrial Average DJIA, -0.34% .

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