Planning To Go All-In On Bitcoin? Popular Analyst Says They ‘Hate’ Fiat But The Reality Is You Need Old-Fashioned Cash

Cryptocurrency analyst Willy Woo recently disagreed with the idea of going all-in on Bitcoin (CRYPTO: BTC), emphasizing the practical importance of fiat in the current world.

Don’t Go ‘All-In,’ Advises Woo

During an appearance on the All In Bitcoin With CK show, which aired September 3, Woo shared his views on Bitcoin investments.

They argued against the strategy of “going all-in,” which means investing 100% of one’s wealth in Bitcoin to prove one’s commitment to the cryptocurrency.

“Everyone’s yelling be all-in, be all-in, otherwise, you’re not a true Bitcoin or whatever, but that tolerance is different for everyone,” Woo said. “The practical reality is I live in a fiat world, and I need fiat to pay for things.”

Full story available on Benzinga.com