Dan Held criticizes Bitcoin market sentiment
@danheld: Held on Bitcoin market
Dan Held, a prominent cryptocurrency advocate, recently took to social media to express his surprise at current market sentiments regarding Bitcoin. Citing a hypothetical scenario from 12 years ago, Held remarked on the seeming incongruity of bearish attitudes at a Bitcoin price of $86,000, noting that such a valuation would have been laughable to him at the time.
This sentiment reflects broader discussions within the cryptocurrency community about market expectations and the evolving narrative around Bitcoin's value. While Bitcoin has seen significant fluctuations and its valuation often sparks debate, current sentiments demonstrate the complexity and volatility inherent in cryptocurrency markets.
''If you would have told me 12 years ago that people were bearish with Bitcoin at $86,000 I would have literally died laughing,'' Held tweeted, encapsulating the ongoing challenge of predicting market behavior in such a dynamic environment.
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In the previous news, Dan Held talked about the significant potential in blockchain based on the disparity in TVL and market cap ratios.
