Holding during bitcoin downturns is hard, Jimmy Song notes

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6 hours ago

Holding during bitcoin downturns is hard, Jimmy Song notes — Bitcoin bear markets compared to politics

Holding through bear markets in bitcoin can be difficult, according to Jimmy Song. Song, a Bitcoin educator, developer, and entrepreneur, compared the difficulty of holding bitcoin in a bear market to the challenges faced by Republicans at this moment.

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Song has previously argued that central banks may eventually see Bitcoin as superior collateral to gold because of its lower settlement friction. In another instance, he attributed a major Binance hack to flawed protocol design and address formatting decisions. These views form part of his ongoing commentary on both institutional and technical aspects of Bitcoin.

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