Strike founder: Buy Bitcoin on the dip, now is a good time to start dollar-cost averaging
BlockBeats News, February 11, Strike founder Jack Mallers stated in a post, "Bitcoin is not a software company. The reason it trades like a software stock is because many holders don't truly understand it."
This pullback is indeed painful, but perhaps it is clearing out the 'software capital' with leverage, allowing Bitcoin to finally be priced and traded according to its 'hard currency' attributes. Hold on. Buy the dip (BTFD). No one knows where the price will go, but based on historical data, if you believe Bitcoin won't go to zero, now is a good time to start dollar-cost averaging."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Amid the global bond market turmoil, South Korea reduces government bond issuance, while Japan states it will appropriately control the total annual government bond issuance.
As the global bond market sell-off continues to intensify, South Korea announced it would reduce its planned October government bond issuance by 5 trillion KRW to 12 trillion KRW and stated it would consider further supply cuts if needed. On the same day, Japanese Prime Minister Sanae Takaichi stated that the annual total issuance of government bonds would be appropriately controlled. Today, U.S. Treasury yields surpassed 5.3%, hitting their highest level since 2002, while UK bond yields rose above 6%, reaching a new high since 1998.
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