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Quinten Francois: Bitcoin unlikely to reach new lows despite adverse events

Quinten Francois: Bitcoin unlikely to reach new lows despite adverse events
Bitcoin resilience and new low outlook

Quinten Francois said he does not expect Bitcoin to make a new low in the coming weeks, even after recent negative events such as war, rate hikes, exchange hacks, regulatory turmoil, and hardware wallet exploits. He pointed out that Bitcoin has refused to go below $58,000 despite these challenges.

Francois recently commented on Chainlink and DTCC's blockchain demo, stating it could unlock $50 trillion in assets. He has also argued that a cryptocurrency declining 90 percent from its peak does not necessarily mean it is undervalued, as noted in a previous article. These past remarks reflect Francois’s focus on fundamentals and market valuation beyond short-term price moves.

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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