Analysis: The Bitcoin winter has ended; this correction is more like a sharp pullback within a bull market.
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Analysis: The Bitcoin winter has ended; this correction is more like a sharp pullback within a bull market.
According to CoinDesk, Michael Saylor, Executive Chairman of Strategy, stated that the Bitcoin winter has ended, as Bitcoin’s price has held above $78,000. Market analyst Mati Greenspan believes the recent market downturn should not be labeled a “crypto winter,” but rather a sharp correction within a broader bull market—and added that Bitcoin has likely already bottomed out, with its next leg up potentially driven by both institutional and sovereign adoption. The report notes that Strategy recently acquired 13,927 additional bitcoins, bringing its total holdings to 780,897 BTC. Greenspan also indicated that sovereign adoption—specifically central banks adding Bitcoin to their reserve assets—could be a key driver in the next phase.
Navigating Web3 tides with focused insightsTechFlow News, April 24: According to a CoinDesk report, Michael Saylor, Executive Chairman of MicroStrategy, stated that the Bitcoin winter has ended, as Bitcoin’s price remained above $78,000. Market analyst Mati Greenspan argued that the recent market decline should not be labeled a “crypto winter,” but rather a sharp correction within a broader bull market. He added that Bitcoin has likely already bottomed out, with its subsequent upward momentum potentially driven jointly by institutional and sovereign adoption.
The report noted that MicroStrategy recently acquired an additional 13,927 bitcoins, bringing its total holdings to 780,897 bitcoins. Greenspan also indicated that sovereign adoption—specifically, central banks adding Bitcoin to their reserve assets—could be a key driver in the next phase.
