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Lawrence Lepard: Selling 32 Bitcoin could trigger lower entry prices

Lawrence Lepard: Selling 32 Bitcoin could trigger lower entry prices
Selling Bitcoin to buy at lower price

Lawrence Lepard suggests that if someone wanted to buy a large amount of Bitcoin at a lower price, they might first sell 32 Bitcoin to drive the price down, causing weaker holders to panic and sell.

Lepard adds that this would enable the buyer to acquire more coins at a reduced cost.

Lepard has previously commented on disruptions in traditional banking, citing a Bloomberg editorial on Silicon Valley Bank's rapid deposit losses. He has also highlighted weekly commentary from the Credit Bubble Bulletin focused on the Warsh Fed. These remarks add context to his recent views on Bitcoin price movements.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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