"There's 10 Reasons Why Bitcoin is Crashing" | Michael Saylor



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The REAL Reasons For Bitcoin Crash | Michael Saylor

Bitcoin is showing its volatility. The flagship cryptocurrency dipped to the $17,800 range before quickly bouncing back to the $18,500 range, which is where it stands at the time of writing. Bitcoin is down 34.5% in the past 7 days, with analysts and pundits arguing that the charts show Bitcoin reaching as low as $12,000 before any bullish action appears. As Bitcoin trends down, Michael Saylor tends to trend up, as many want to see his reaction and thoughts to the latest bearish action. In a brief interview with Bloomberg, Saylor admitted that the high volatility of Bitcoin in the short term cannot be denied, but in the long term, at least 4 years, Bitcoin is a low-risk asset. But more importantly, rather than just stating that Bitcoin is a ‘low-risk asset’, Saylor went into detail as to what’s currently wrong with Bitcoin and believes these reasons are causing such high volatility, and when these 10 things are fixed, Bitcoin will be seen as a more mature asset, which will bring in institutional investors that will create a more stable market.
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THIS INTERVIEW WAS POSTED ON JUNE 18, 2022
Listen to the full unedited interview here ⬇ [Credits]
Category
Cryptocurrencies
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