Strive CEO Says Bitcoin Held Up After Binance Hack
In short
Strive CEO Matt Cole said Bitcoin stayed stronger than he expected after the Binance hack.
He said the hack did not change his long-term view on Bitcoin, but it is still too early to say the market has bottomed. The report does not give the hack size, date, or any price reaction.
What the reporting says
Strive CEO Matt Cole said Bitcoin held up better than expected after the Binance hack, according to a Cointelegraph summary. He said the hack has not changed his long-term case for Bitcoin, while cautioning that it is still too early to call a market bottom. The reporting does not state the size of the hack, the timing, or any price move.
Why it matters
Matt Cole of Strive commented on Bitcoin after a Binance hack, saying the event did not alter his long-term view of the asset. The report also says he warned it is too early to declare a market bottom. The available reporting does not state when the hack happened, how large it was, or whether Bitcoin prices moved.