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Abra CEO: This is not bitcoin’s “worst time ever” and advises “when in doubt, zoom out”
Bitcoin is having a hard time recovering from last week’s drop to $63,000, and is hovering under the $68,000 level Tuesday morning. A slew of risks, a lack of catalysts, and the October 10 liquidation event continue to weigh down bitcoin. But for Bill Barhydt, CEO and founder of Abra, who told Sherwood News that he’s “lived through multiple 70% bitcoin drawdowns,” not all is doom and gloom. “I’ve had this conversation five or six times over the last like, I don’t know, 12 years maybe. And each time it’s like, ‘Oh, this is the worst time ever.’ And I can assure you it’s not,” Barhydt said. ... (full story)
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