📉 Bitcoin Price Volatility! 📉

- Bitcoin (BTC) experienced a serious decline over the weekend as nonfarm payrolls data for August fell below expectations. BTC fell 5% to below $54,000.

- The crypto market liquidated $200 million worth of long positions amid this volatility. The meme coin and AI sector also fell 6% and 7%, respectively.

🔍 Peter Chung and Min Jung from Presto Research stated that Bitcoin is "extremely undervalued" due to "network security."

- Bitcoin's hashrate reached an all-time high of 679 EH/s. However, the market is ignoring this fundamental value.

📈 In the long term, BTC's acceptance as digital gold and network security offer significant value to investors.

- BTC's long-term value may be more important than short-term price fluctuations.

💬 Do you think Bitcoin is really undervalued? Let's discuss in the comments! 🚀