According to ChainCatcher, Strike founder Jack Mallers stated that Bitcoin is not a software company. Many holders do not truly understand it, and thus it trades like software stocks. This pullback may be clearing out those leveraged 'software capital', allowing Bitcoin to be priced and traded according to its 'hard currency' properties. Hold on, buy the dip (BTFD). No one knows where the price will go, but based on historical data, if you believe Bitcoin will not drop to zero, now is a good time to start dollar-cost averaging.

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