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Bitwise CIO: In the past, people would worry about BTC returning to zero during a pullback. Now, this kind of worry no longer exists

Bitwise CIO: In the past, people would worry about BTC returning to zero during a pullback. Now, this kind of worry no longer exists

Bitget2024/11/28 01:08
BTC-0.28%

Bitwise Chief Investment Officer Matt Hougan posted on the X platform, saying that Bitcoin has now gained "value" buyers. One of the reasons why Bitcoin's past corrections were so severe is that every time BTC started to correct, people would start worrying about it going to zero.

Now this worry no longer exists, and more and more investors are looking for entry points. Of course, the market has not eliminated volatility, but it does believe that the severity of corrections has been reduced at present.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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