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Strategy’s Michael Saylor says Bitcoin has been “getting a lot less” volatile despite its recent price plunge, contradicting the outlook of many crypto analysts.
The US government will start buying Bitcoin for its strategic reserve when there is “enough pressure externally,” says crypto entrepreneur Mike Alfred.
Macro analyst Luke Gromen’s comments come amid an ongoing debate over whether Bitcoin or Ether is the more attractive long-term option for traditional investors.
A crypto trader said Bitcoin is at a “key resistance,” similar to the level where it topped in 2021, but other traders argued historical charts can’t be applied to this cycle.
Despite Ether finally edging up toward its all-time high of $4,878, chatter on social media shows retail traders remain skeptical and in disbelief, according to Santiment.
The rise in popularity of the Coinbase app is often seen as a sign of renewed retail interest, but there’s still debate whether retail has truly returned.