When asked what if ETH drops 70% in the next bear market, SharpLink co-CEO Joseph Chalom did not even flinch and replied that volatility is not a problem but a chance to buy more. Some of us have this mentality too and this is how we make money in the end. Joseph Chalom worked at BlackRock for years before crypto and he explained that SharpLink's treasury is managed with 'institutional-grade discipline.' SharpLink is not involved in short-term trading or quick profits, instead it focuses on capital efficiency, risk management and long-term ETH accumulation.
This approach already made SharpLink different from others. The firm now holds more or less 840k ETH worth more than $3.6 billion, plus the added gains from staking rewards. Their average price paid per ETH is $3,603.
In a market crash most companies panic sell but SharpLink sees dips as buying opportunities, using disciplined habits to accumulate its ETH position rather than decrease exposure. Joseph Chalom's faith comes from experience. Markets go in cycles but conviction and structure can beat volatility. Joseph's message to investors is 'the asset is ETH, the ticker is SBET' and the plan does not change when prices go down. For SharpLink a bear market is not defeat but merely another opportunity to buy.
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SharpLink's co-CEO says ETH crashes are opportunities, not threats.
byu/MasterpieceLoud4931 inethtrader
Posted by MasterpieceLoud4931
4 Comments
[deleted]
I feel no threats on crypto since the narrative changed from banning it to adopting it.
Dips are for buying.
🍩 !tip 1
Just discounts, thats all
!tip 1
True! Smart minds always focus on the brighter side, even wen things look tough.
ETH is for the long term, it doesn’t matter if it dips to even $3k or less.
^(!tip 1)