$BTC

During widespread market selloff, MicroStrategy founder Michael Saylor (Michael Saylor) reiterated that Bitcoin is the "ultimate safe haven against chaos," even as Bitcoin's price declined over 8.5% to $69,190. His company holds 761,068 Bitcoin with an unrealized loss of 8.44%, at an average purchase price of $75,696. Saylor believes that Bitcoin's current discount to MicroStrategy's net asset value represents an excellent strategic buying opportunity.

Bitcoin doesn’t need a new bear market.
That already happened. Bitcoin has already had its bear market.
Just not in USD. 
In gold. And that’s exactly why almost everyone is wrong right now. The crypto market is in a state of maximum uncertainty. Are we already in a bear market?
Is it still coming?
How deep will it go? My view: none of the above. 
The bear market is essentially over. We’re all looking at the wrong chart. Everyone is waiting for Bitcoin to crash in USD. Meanwhile, something very different is happening: 
Bitcoin is forming a super-cycle bottom against gold. Here’s the real question: Why are we pricing digital gold in an inflationary fiat currency that has been in a downtrend itself for over a year? Measured in USD, it looks like Bitcoin still has a long way down to go. 
As if the bear market is only just beginning. But if we compare the hardest money in the world (Bitcoin) to the second hardest (gold),
we’ve already been in a structural bear market for over 400 days. With a drawdown of roughly −60%. By the way, BTC/GOLD is the only valuation
in which Bitcoin has never made a sustainable all-time high or experienced a true bull market. Sound familiar? 
And no, that’s not a coincidence. For over 13 years, we’ve seen the same pattern: 
Bitcoin enters a bear market against gold
that lasts roughly 400 days. During that time, the RSI
falls into deeply oversold territory. That has happened exactly three times in 13 years. 
And it’s happening again now. Oh, and one more thing: Historically, these phases have always marked the bottom. 
Every single time, a bull market followed. So why do we keep valuing Bitcoin in USD? The only reason gold and precious metals are rising is the loss of trust in that very currency. Gold and silver anticipate debasement.
Bitcoin reacts first and most violently when debasement becomes reality. And if you think precious metals have “beaten Bitcoin”: Are you really telling me that shiny rocks will form the monetary system of the 21st century? In the age of AI, robotics, and global trade? What convinces me most about this thesis is anti-cyclicality. Our local bottom was formed in November 
around three months ago. Even if not everyone believes we’ll go lower, every investor is acutely aware that it could happen. Another 30–40% drawdown that everyone is prepared for and has had months to position for? I don’t buy it. Meanwhile, whales are accumulating again, 
more aggressively than at any point over the entire past year. 
And they’re doing it right now. At the same time, with the Clarity Act, we’re on the verge of a new wave of institutional adoption. Btw, I’ve called every market top and bottom of the last 10 years, and when I make a new move I’ll say it here publicly. Many people will wish they followed me sooner.