‘We Are A Shock Absorber‘

Speaking at BTCPrague in a fireside chat with Julian Liniger, Saylor reassured Bitcoin remains the dominant global digital capital network and compared its current price action to prior periods when high-quality assets traded near long-term support.

Bitcoin has fallen from around $120,000 to roughly $60,000 over the past eight months, bringing it near its 200-week moving average.

Saylor described that level as a key long-term support zone and a rough measure of Bitcoin’s “book value.”

He pushed back strongly against the idea that Strategy could destabilize Bitcoin.

Saylor noted that while the company sold just 32 BTC during the current bear market, it has…

Read more on Benzinga