Bitcoin fell just 3-4% after the biggest crypto hack ever. Dan Held says panic texts usually mark the bottom, and Bitcoin's resilience shows it isn't trading like a high beta…
Original source excerpt
Bitcoin fell just 3-4% after the biggest crypto hack ever. Dan Held says panic texts usually mark the bottom, and Bitcoin's resilience shows it isn't trading like a high beta tech stock "Where peopl…
Bitcoin fell just 3-4% after the biggest crypto hack ever. Dan Held says panic texts usually mark the bottom, and Bitcoin's resilience shows it isn't trading like a high beta tech stock "Where people are saying, is it over? Usually means that that's like a floor, a bottom." "Those really bearish, it's over sort of stuff, or it's dead, I love that. It sounds like fear and apathy are marking the bottom here." "It used to be the narrative that Bitcoin is a higher beta tech stock. It's not really acting like that at all." "Given the fact that the largest exchange in the space just got hacked for $6 billion, the biggest hack ever, and it's only down 3 to 4%, that's pretty bullish for me."
AI context is not available for this statement. The original source can be read independently.