Michael Saylor: “Chaos is good for Bitcoin”
The co-founder and CEO of MicroStrategy made it clear that instability in the world plays into the hands of Bitcoin holders.
Michael Saylor, against the background of the escalating conflict in the Middle East between Israel and Iran, announced, verbatim:
“Chaos is good for Bitcoin”
The head of research at CryptoQuant, Julio Moreno, agreed with him. The collapse of the cryptocurrency market was necessary:
“This sell-off is needed to reset traders' unrealized profits to zero - usually a bottom signal in a bullish trend. Following the sell-off, traders' unrealized gains are at their lowest level since February (10%)."
On the evening of April 13, the price of Bitcoin fell below $61,000, but on the morning of April 14, the rate partially recovered to $64,500.
Previously, Michael Saylor promised that Bitcoin would “eat gold”, since the first cryptocurrency has all the advantages of the precious metal, but does not have the inherent disadvantages of gold.
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