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- 📢 Gate Square #Creator Campaign Phase 2# is officially live!
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Post original content (at least 100 words) on Gate Square related to
- 📢 Gate Square #MBG Posting Challenge# is Live— Post for MBG Rewards!
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Bitcoin Should Not Fall Below This Price! It Could be 100 Times Worse Than the Luna and FTX Crisis - Coin Bulletin
Alliance DAO partners said in a podcast program they attended that Bitcoin should not fall below $58,000 in the next four years.
Partners indicating that this level is the average Bitcoin purchase price per unit of MicroStrategy expressed that in the event of such a situation, it could trigger a crisis 100 times larger than the total of Luna and FTX crises.
It is estimated that MicroStrategy's liquidation price is around $60,000. Some cryptocurrency followers claim that MicroStrategy purchased Bitcoin through convertible bonds and argued that the company does not actually have a liquidation price, so selling BTC is not mandatory.
Can potentially become the first trillionaire in real terms
During the podcast, the best scenario for Bitcoin was discussed. According to the participants, if the price of Bitcoin rises to $500,000, it could make MicroStrategy's founder Michael Saylor the first trillionaire in history and the richest person in the world.
MicroStrategy is known as a company making large investments in Bitcoin, and therefore, the major fluctuations in Bitcoin price directly affect the company. In particular, a drop below $58,000 could seriously shake the company's financial positions and create a bigger market crisis.