Pantera Capital CEO and venture capitalist, Dan Morehead, strongly believes that the market is getting back to almost stable, with the sell-off minimized.
He said that the best time to buy is when markets are “well below trend.
Now is one of those times.” He described different events that had major impacts on the price of Bitcoin leading to massive gains afterwards.
So the market is consolidating for another move up.
Software company MicroStrategy completed $500 million offering of secured notes which will be due by 2028 that bear interest at an annual rate of 6.125%.
They noted they’ll use the gains from it to purchase more bitcoin.
This would be an addition of 11,990 more bitcoins to their already owned 92,079 bitcoin which is managed by their own subsidiary, MacroStrategy.
Bitcoin Bull Max Keiser, shared in an interview during the Bitcoin conference in Miami that there is a huge difference between this 2021 Bitcoin Conference and the first Bitcoin conference in Prague ten years ago, in price movements, crypto sentiments, and others.
He encouraged BTC holders to be focused on accumulating more BTC.
This way they have the ability to help their friends and family survive once “the US dollar and the global economy has collapsed.”