📉 Bitcoin Crash Is Normal, Not a Crisis — Gary Bode
Bitcoin has dropped nearly 50% from its recent all-time high, but hedge fund veteran Gary Bode says this crash is normal volatility, not a system-wide crisis.
🔑 Key Takeaways:
80–90% drawdowns have been common in Bitcoin history
Long-term holders who can withstand volatility have been the most rewarded
The main trigger for the recent sell-off: Kevin Warsh being nominated for Fed Chair
🏦 Fed Fear = Market Overreaction
Markets assumed the Fed would be more hawkish
According to Bode, Warsh is a supporter of lower rates
Due to heavy US deficits, the Fed's control over long-term yields is limited
👉 "The market reacted incorrectly this time," — Bode
🐋 Whales Selling?
Large holders are taking profits
This does not signal future weakness
Selling by early miners is considered natural behavior
🏢 Strategy ($MSTR) Pressure
Bitcoin's drop is putting pressure on Strategy stock
Saylor's selling risk is limited and temporary
Bitcoin will continue to survive long-term
📄 "Paper Bitcoin" (ETFs & Derivatives)
Can create short-term price pressure
21 million BTC supply cap unchanged
The base of long-term value will remain the same
⚡ Mining & Energy Fears?
The idea of a mining collapse due to energy prices is overblown
Hash rate does not immediately drop with price historically
Nuclear & solar energy could make mining cheaper
🪙 Store of Value Debate
Volatility does not equal failure
Fiat currencies are not risk-free either
Bitcoin: permissionless, trustless, fixed supply
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