Professional DJ Kam Bennett sees Bitcoin’s current low price as a buying opportunity.
Bitcoin is half price: that’s one way of looking at it. The price of Bitcoin halved over the last few days, falling from $9,000 to $4,500, before bouncing back up to $5,000 today.
This low price appears to be luring in those from outside the niche cryptosphere.
“Should I buy some bitcoin,” tweeted Minnesota-born DJ Kam Bennett, on Friday. Bennett is known for his work with Lil Bibby and has collaborated with Sasha Go Hard and 2 Chainz.
Should I buy some bitcoin
— DJ Kam Bennett (@KameronBennett) March 14, 2020
“This is not investment advice but it’s looking pretty cheap these days,” Tyler Winklevoss, CEO of crypto exchange Gemini, replied on Twitter.
*This is not investment advice* but it’s looking pretty cheap these days.
— Tyler Winklevoss (@tylerwinklevoss) March 14, 2020
Bennett wasn’t the only one to notice the fall in prices. American intelligence whistleblower Edward Snowden also said that he was considering buying Bitcoin due to the drop.
“This is the first time in a while I’ve felt like buying bitcoin. That drop was too much panic and too little reason,” he tweeted, on the same day.
This is the first time in a while I’ve felt like buying bitcoin. That drop was too much panic and too little reason.
— Edward Snowden (@Snowden) March 13, 2020
At the same time, some Bitcoin bulls are doubling down. Barry Silbert, CEO of Digital Currency Group, which has multiple investments across the cryptosphere, tweeted, on March 12, “I’m buying. This is why Bitcoin was invented.”
I’m buying. This is why bitcoin was invented
— Barry Silbert (@barrysilbert) March 12, 2020
However, with the traditional markets continuing to slide—putting downwards pressure on the price of Bitcoin—and Bitcoin’s miners struggling to survive, Bitcoin faces its biggest test yet.
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