Digital Gold Narrative Survives If MicroStrategy Keep HODLing Bitcoin, Says CryptoQuant CEO - BitcoinEthereumNews.com
Bitcoinक्रिप्टोक्वांट के सीईओ का कहना है कि अगर माइक्रोस्ट्रेटी बिटकॉइन को छिपाए रखती है तो डिजिटल गोल्ड नैरेटिव बच जाता है02 / 24 / 2022बिटकॉइन एथेरियम समाचार Amid international crises and a shaky crypto market, debates rage on about what role Bitcoin actually serves as an investment. Is it digital gold, or just another risk asset? In a recent tweet, Ki Young Ju – CEO of crypto market analytics firm CryptoQuant – weighed in on the matter. He believes that as long as institutions like MicroStrategy continue buying Bitcoin, the assets “digital gold” narrative continues to apply. Knowing Bitcoins Fundamentals Ju प्रस्तुत his thoughts in response to a धागा by FTX CEO Sam Bankman Fried (SBF) earlier today. The billionaire exchange owner gave a personal analysis about how Russias recent invasion of Ukraine is affecting crypto prices, and why. After the invasion made headlines yesterday, Bitcoins price tumbled below $35k, before recovering to approximately $36k at the time of writing. Going by Bitcoins “fundamentals”, SBF predicted that Bitcoin should not have moved drastically in either direction. Theoretically, while war may incite people to withdraw their money from the asset and into cash, it might also spur people to move away from weak European currencies, and into