Now that Bitcoin (CRYPTO: BTC) has dropped below $60,000, it’s perhaps no surprise that the Crypto Fear and Greed Index is flashing red. The current reading is 15 out of 100, a clear indication of “extreme fear” in the marketplace.

But as legendary investor Warren Buffett once advised, “Be fearful when others are greedy, and be greedy when others are fearful.” Of course, Buffett wasn’t talking about crypto (and he has always advised against buying Bitcoin), but that same type of mindset can definitely be applied to the crypto market. And that’s why I’m buying Bitcoin right now.

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