Prominent Trader Expresses Skepticism on Bitcoin's Recovery, Warns of Potential MSTR Losses
Prominent Trader Expresses Skepticism on Bitcoin's Recovery, Warns of Potential MSTR Losses
A well-known trader, celebrated for accurately predicting a significant rally in XRP, has voiced strong skepticism regarding Bitcoin's recent price recovery. The trader also issued a cautionary note about MicroStrategy (MSTR), suggesting it could face substantial losses if Bitcoin fails to maintain a critical support level.
Trader DonAlt Not Convinced by Bitcoin's Price Action, Highlights XRP's Past Performance
Popular crypto analyst DonAlt, recognized for his successful prediction of XRP's impressive 700% rally, has indicated a lack of confidence in Bitcoin's current price recovery. According to DonAlt, MicroStrategy (MSTR), a major institutional holder of Bitcoin, faces a risk of losing up to 55% of its value if Bitcoin is unable to sustain the crucial $100,000 price point. This perspective introduces a cautious tone to the market, especially concerning BTC's immediate future despite any recent upward movements.