Strive CEO Says Bitcoin Held Firm After Binance Hack, Sees Gains in Next 6 to 9 Months
Summary
- Strive CEO Matt Cole said Bitcoin prices remained resilient despite the Binance hack.
- Cole said even the largest-ever crypto hack would not alter the investment case for Bitcoin over a reasonable holding period.
- He compared the current market to early spring and said Bitcoin would overcome various concerns and continue 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 predicted further gains over the next six to nine months.
Cointelegraph reported on October 30 that Cole said in an interview that “Bitcoin’s price held up surprisingly well even after the Binance hack” and that he saw it as “a very positive signal” for the cryptocurrency.
He argued that even the largest crypto hack on record would not change the case for investing in Bitcoin over a reasonable time horizon.
Cole compared the current market to early spring and said Bitcoin would overcome a range of concerns and continue rising over the next six to nine months.
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