Billionaire entrepreneur says Bitcoin's price plunge is a gift, for the following reasons

CoinNetwork · 2026-02-03T20:14:04+00:00

In January 2026, Bitcoin's price plummeted to $77,000, resulting in over $2.4 billion in liquidations. Barry Silbert described this as a "divine opportunity" to clear excessive leverage, while Michael Saylor emphasized that this reflects the maturity of the Bitcoin market.

CoinNetwork

2026-02-03 20:14:04

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In late January 2026, Bitcoin’s price plummeted from approximately $83,000 to $77,000, triggering over $2.4 billion in liquidations, most of which came from long positions. Digital Currency Group founder Barry Silbert described this sharp correction as a “blessing in disguise,” believing it cleared excessive leverage and speculative positions, ultimately strengthening the market structure by removing weak holdings. This correction temporarily pushed Bitcoin’s price below the average cost basis of major holders like MicroStrategy. MicroStrategy founder Michael Saylor emphasized a long-term investment philosophy, further reinforcing the view that such volatility is a structural feature of Bitcoin’s maturation process rather than a sign of systemic failure.

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