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Michael Saylor: Chaos Is Always Good for Bitcoin (BTC)!
Will Bitcoin (BTC) be able to emerge strong from the 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 Bitcoin (BTC), the leading cryptocurrency in the Israeli-Iranian conflict, could do well.
In his post on his official Social Media account, Saylor said, "Chaos is good for Bitcoin (BTC)," and he thinks that BTC will not be harmed by this process.
At the beginning of the Russia-Ukraine war in 2022, Bitcoin fell to 33 thousand dollars with sudden declines and quickly rose to 48 thousand dollars as the process progressed.
Julio Moreno, head of research at CryptoQuant, a successful analytics company, agrees with Michael Saylor that the decline in the industry is necessary for the market:
"This crash is necessary to reset investors' unrealized profits; This is usually the last bottom signal before the mega bull cycle.
Following the sell-off, traders' unrealized gains fell to the lowest level since February (10%)."
Bitcoin (BTC), which fell to $60,700 last night, has risen to $64,000 as the dark clouds dissipate.
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