Summary
- Eric Balchunas, Bloomberg ETF specialist, reported that Bitcoin (BTC) has repeatedly set new all-time highs even after several drops of more than 50%.
- He stated that the resilience of Bitcoin is similar to that of top-tier stocks such as Apple, Microsoft, Amazon, and Berkshire Hathaway.
- As of the 17th, BTC is trading at $108,085.39, up 2.48% on the Binance Tether (USDT) market.
Eric Balchunas, Bloomberg ETF specialist, said on X (formerly Twitter) on the 16th (local time) that "Bitcoin (BTC) is an extremely rare asset that has repeatedly set new all-time highs (ATH) even after experiencing more than 50% drops several times," adding, "This level of resilience is similar to top-tier stocks such as Apple, Microsoft, Amazon, and Berkshire Hathaway."
Meanwhile, BTC is trading at $108,085.39, up 2.48% from the previous day, on the Binance Tether (USDT) market as of 03:47 on the 17th.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.![[Market] Bitcoin breaks below $70,000… Korea premium at 0.31%](https://media.bloomingbit.io/PROD/news/74018332-717e-4495-9965-328fe6f56cb4.webp?w=250)
