(GBTC), Amazon.com, Inc. (NASDAQ:AMZN) - Unfazed By A Plunging Bitcoin, Proponents Dub Pull-Back 'Necessary,' 'Healthy'
Bitcoin (BTC) proponents are calling the drubbing the apex cryptocurrency received over the last two days as “necessary” and “healthy.” No Pain, No Gain: The CEO of Binance, Changpeng Zhao, seemed to take inspiration from the old adage — No Pain, No Gain. Retraces are painful, but they are necessary for establishing support levels. Now we have it. Retrace Opportunities: Barry Silbert, the CEO of Grayscale Bitcoin Trust (OTC:GBTC) parent the Digital Currency Group revised his retrace level to $30,000 and called it a “buying opportunity of a lifetime” in a tweet. REVISED Funny ...
Source: benzinga.com