Bitcoin has been falling dramatically over the last few days, finally ending up exploring the lower price edges of $97K. The token is down from its earlier ATH of $120K but is still going strong, as prominent market enthusiasts continue to bet big on the asset. While some are busy criticizing Bitcoin’s fall, other notable crypto personalities are convinced that Bitcoin will bounce back in no time.
Also Read: Ominous Bitcoin Price Prediction: BTC To Dip As Low As $56K
As per the latest update shared by Dr. Julian Hosp, Saylor has spent nearly $27B on Bitcoin purchases till now. While doing the math, Hosp broke the stats down further, adding how Saylor has ended up spending half a billion a week to accumulate hoards of BTC. The expert later criticized Saylor’s Bitcoin moves, adding that the asset has not delivered any credible returns till now.
“Saylor spent over 27 billion USD in the past year on buying Bitcoin. That’s about 1/2 billion USD a week… and the price didn’t move. Basically, none of these purchases have made any relevant returns and are either break-even or down bad. That’s quite incredible to think about… He could have invested in anything else and made good money for his shareholders… but instead he is burning through their cash and can’t get out of the position.”
In addition to this, eminent crypto personalities like Changpeng Zhao and Saylor have consistently been sharing how current BTC volatilities are nothing but temporary fluctuations that will resolve soon enough.
The Defensive Team: Eric Trump Comments on Bitcoin
Speaking about the recent Bitcoin price volatility, Eric Trump, Donald Trump’s son, shared how Bitcoin volatility is an innate part of Bitcoin’s nature. He later added that people who fear BTC volatility should not bother exploring the asset in depth.
“Eric Trump laughs” when investors worry about bitcoin volatility: “If you can’t handle volatility, stay out of cryptocurrency and don’t bother.”
According to Michael Saylor, BTC is on path to hit $50M a coin in the future.
“MICHAEL SAYLOR: “If I’m lucky enough to grind to 10% of the supply, #Bitcoin’s gonna be $50 million a coin.”
Also Read: $10 Billion Floods Into Ripple (XRP): Ready For $3 Next?
