Strive CEO Matt Cole stated that the multi-billion dollar attack on Binance has not changed his long-term investment outlook for Bitcoin. Cole noted that, given the scale of the attack and the overall...
Summary
- Strive CEO Matt Cole stated that the multi-billion dollar attack on Binance has not changed his long-term investment outlook for Bitcoin.
- Cole noted that, given the scale of the attack and the overall weakness in the cryptocurrency market, the decline in Bitcoin price was more limited than he had anticipated.
- Bitcoin, which was trading at around $80,600 before the attack, reportedly fell to around $77,400, losing approximately 4 percent of its value.
- However, Cole argued that this relatively strong performance does not necessarily mean that Bitcoin has reached its bottom.
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