ChainCatcher message, Strike founder Jack Mallers stated, “Bitcoin is not a software company. The reason it’s traded like a tech stock is because many holders don’t truly understand it. This pullback is indeed painful, but it may be clearing out leveraged ‘software capital,’ allowing Bitcoin to ultimately be priced and traded based on its ‘hard currency’ properties. Hang in there. Buy the dip (BTFD). No one knows where the price is headed, but based on historical data, if you believe Bitcoin won’t drop to zero, now is a good time to start dollar-cost averaging.”
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
"How to buy Bitcoin" search popularity is approaching the 2021 peak
PANews February 28 News, according to Cointelegraph, data shows that the global search interest for "How to buy Bitcoin" has recently surged significantly over the past 5 years, approaching the peak levels of 2021.
GateNews57m ago
Mark Karpelès Proposes Bitcoin Hard Fork to Recover $5.2 Billion from 2011 Mt. Gox Theft
Mark Karpelès, the former CEO of defunct cryptocurrency exchange Mt. Gox, has published a formal proposal calling for a Bitcoin hard fork to recover approximately 79,956 BTC—valued at over $5.2 billion—from a long-dormant address linked to the exchange's June 2011 security breach.
CryptopulseElite1h ago
Data: In the past 24 hours, the entire network has been liquidated for $292 million, with long positions liquidated for $228 million and short positions liquidated for $64.3351 million.
According to Coinglass data, the total liquidations across the entire network in the past 24 hours reached $292 million, with long positions and short positions liquidated at $228 million and $64.335 million respectively. The liquidations of Bitcoin and Ethereum are particularly notable, affecting 103,284 people, with the largest single liquidation amounting to $4.547 million.
GateNews1h ago
Futures and Options Market Signals Caution as BTC Chases $70K
Bitcoin has inched back toward the $70,000 mark, but traders remain wary as derivatives signals fail to echo the price recovery. On Wednesday, the benchmark cryptocurrency briefly touched the round level after a Tuesday dip to around $62,500, a move that was supported by a fresh wave of inflows
CryptoBreaking1h ago
