Strike founder: Buying Bitcoin on dips is a good time to start dollar-cost averaging now
Strike founder Jack Mallers posted, "Bitcoin is not a software company. The reason it trades like a software stock is that many holders do not truly understand it. This pullback is indeed painful, but it may be clearing out the 'software capital' that is leveraged, allowing Bitcoin to 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 drop to zero, then now is a good time to start dollar-cost averaging."
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