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Vinny Lingham: Bitcoin approaches $60,000 support as Strategy selling power wanes
Vinny Lingham, co-founder, chairman and CEO at Civic, observes that Bitcoin is nearing a retest of the $60,000 support level, coinciding with Strategy losing its ability to sell and STRC completely depegging.
Lingham questions whether Bitcoin's support will hold in the current conditions.
Lingham has previously noted risks to the STRC token if Bitcoin is sold to fund dividends. In an earlier statement, he warned that such sales could cause STRC holders to lose tax-free benefits. The ongoing market moves come as STRC faces renewed pressure from its recent depeg.
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