Michael Saylor: Chaos is Always Good for Bitcoin (BTC)!

Will Bitcoin (BTC) manage to emerge strong from chaos again?

MicroStrategy founder Michael Saylor, one of the biggest supporters of the cryptocurrency industry, continues to attract the attention of investors. Michael Saylor recently shared that the Israel-Iran conflict could be good for Bitcoin (BTC), the leading cryptocurrency.

Saying "Chaos is good for Bitcoin (BTC)" in his post on the official X/Twitter account, Saylor thinks that BTC will not be harmed by this process.

Bitcoin dropped to 33 thousand dollars with sudden drops at the beginning of the Russia-Ukraine war in 2022, and rapidly rose to 48 thousand dollars as the process progressed.

Julio Moreno, head of research at CryptoQuant, a successful analytics company, also shared a common opinion with Michael Saylor and shared that this decline in the sector is necessary for the market:

“This crash is necessary to wipe out investors' unrealized profits; This is often the final bottom signal before a mega bull cycle.

"Following the sales, traders' unrealized gains fell to the lowest level since February (10%)."

Bitcoin (BTC), which dropped to $60,700 last night, has risen to $64,000 with the dark clouds dissipating somewhat.

Stay tuned for all the updates.