Chaos

Bitcoin

<ul class="news-points"> 
 <li><strong>MicroStrategy chairman Michael Saylor argues that chaos is good for Bitcoin.</strong></li> 
 <li><strong>BTC crashed to around $60K amid escalating tensions between Iran and Israel.</strong></li> 
 <li><strong>MicroStrategy lost over $1.5 billion in the last 24 hours following the crash.</strong></li> 
</ul> 
<p><a href="https://coinedition.com/michael-saylor-highlights-bitcoin-outperforming-everything-since-2020/">Michael Saylor</a>, the founder and chairman of MicroStrategy, has expressed his view that “chaos is good for Bitcoin.” Saylor shared this perspective in a post on X on Saturday as Bitcoin crashed to the $60K threshold.</p> 
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Chaos is good for <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Bitcoin</a>.</p>— Michael Saylor
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@saylor) <a href="https://twitter.com/saylor/status/1779279505439248417?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">April 13, 2024</a>
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<p>Notably, Bitcoin collapsed by over 10% in the last 24 hours from about $68K, sinking to the $60K range. Pundits have attributed the dramatic fall to the escalating global tensions, particularly those between Iran and Israel.</p> 
<p>Bitcoin’s decline has had significant implications for leverage traders, especially those who opened long positions for BTC. According to WhaleWire, over $1.2 billion in Bitcoin longs alone were liquidated over the last 24 hours. WhaleWire <a href="https://twitter.com/WhaleWire/status/1779245075517649177?t=oM5v41Q0Ln3pm4qt89KqHw&amp;s=19" target="_blank" rel="nofollow">estimated</a> that the number set a new record as Bitcoin bulls have not experienced such liquidation in the last 15 years.</p> 
<p>Despite this significant financial implication, MicroStrategy’s…</p>
<p>The post <a href="https://coinedition.com/microstrategys-michael-saylor-says-chaos-is-good-for-bitcoin-despite-1-5b-loss/">MicroStrategy’s Michael Saylor Says ‘Chaos is Good for Bitcoin’ Despite $1.5B Loss</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

MicroStrategy’s Michael Saylor Says ‘Chaos is Good for Bitcoin’ Despite $1.5B Loss

Coin Edition

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