CandleFocus Analysts Discussed: “Bitcoin Should Never Go Below This Level, Crash Could Be 100 Times Worse Than FTX and LUNA Crashes”
2024-12-22
Author: Content Editor
Alliance DAO partners have expressed concerns about potential risks to Bitcoin's price over the next four years, particularly if it dips below $58,000. This level is close to the liquidation threshold for MicroStrategy, a company that holds a significant amount of Bitcoin. If Bitcoin falls below $58,000, MicroStrategy could face significant liquidation risks. The podcast participants also discussed the possibility of a financial crisis that could be "100 times larger" than previous collapses in the cryptocurrency market. On a positive note, the podcast outlined an optimistic scenario where Bitcoin reaches $500,000, which would validate MicroStrategy's strategy and potentially make its CEO, Michael Saylor, the richest person in history. Saylor has been a strong proponent of Bitcoin, considering it a hedge against inflation and "digital gold."
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