“Bitcoin is the currency you can’t afford to lose,” Thaler reassures on coin edition’s $56,000 retest



  • Michael Saylor believes that Bitcoin represents a currency that people simply cannot afford to lose.
  • Cryptocurrency traders lost $400 million after Bitcoin plummeted to $56,000.
  • Thaler highlighted Bitcoin’s long-term performance relative to traditional assets.

While cryptocurrency investors suffered huge losses during the past day's market pullback, noted Bitcoin bull Michael Saylor assured Bitcoin enthusiasts on assets. In his words, “Bitcoin is for money you can’t afford to lose.”

Saylor’s comments come amid a Bitcoin price correction over the past few days, which ultimately saw the asset move back into the $56,000 range. At press time, BTC was trading at $57,568, one of its lowest points in two months.

At least 141,000 cryptocurrency traders who had bet on Bitcoin's upward trajectory have been liquidated after the asset collapsed in the past few hours, resulting in losses of more than $400 million. Nonetheless, Thaler, Chai…

The post “Bitcoin is the currency you can’t afford to lose,” Thaler reassures on $56K retest appeared first on Coin Edition.

Learn more about coin editions





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *