Strive CEO Matt Cole: Bitcoin Resilience Stronger Than Expected, Too Early to Call a Bottom

TechFlow news, October 31: According to Cointelegraph, Strive CEO Matt Cole said on the outlet's Chain Reaction program that after the Binance hack, Bitcoin's downside resilience was stronger than he expected, but it remains too early to judge that prices have bottomed.

Cole believes an attack on exchange wallets is similar to a bank robbery, does not indicate a failure of the Bitcoin network, and does not change his long-term investment thesis for Bitcoin. He described the current market as an 'early spring' phase of recovery, expecting this phase to last another six to nine months, with prices gradually recovering rather than quickly surging to new highs.

Source: TechFlow