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.
