Strive CEO Says Bitcoin Stayed Resilient After Binance Hack, Sees Gains Over Next 6 to 9 Months
Summary
- Strive CEO Matt Cole said the Binance hack did little to shake Bitcoin's price resilience.
- He argued that even the largest-ever crypto hack would not alter the investment case for Bitcoin over a reasonable holding period.
- He described the current market as an early-spring phase and said Bitcoin would overcome multiple concerns and extend its uptrend over the next 6 to 9 months.
Forecast Trend Report by Period
Matt Cole, chief executive officer of Bitcoin treasury company Strive, said Bitcoin remained resilient despite the Binance hack and is set to continue rising over the next six to nine months.
Cointelegraph reported on October 30 that Cole said in an interview that Bitcoin's price had held up "surprisingly well" even after the Binance hack. He called that a very positive signal for Bitcoin.
He argued that even the largest crypto hack on record would not change the investment case for Bitcoin over a reasonable investment horizon.
Cole also described the current market as being like early spring, and said Bitcoin would overcome a range of concerns and continue its advance over the next six to nine months.
JH Kim
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