"King of Cryptocurrency" Silbert: The Crash is a Blessing from the God of Crypto

According to a report by Bijie Network: Barry Silbert, founder of Digital Currency Group, described the January 31 market crash as a "gift from the crypto gods," believing it cleared out excessive speculation. Bitcoin plummeted 5.2% to around $78,727, resulting in over $2.44 billions in positions being liquidated, with $2.27 billions coming from long liquidations. Although the spot price of bitcoin fell below MicroStrategy's average cost of $76,037, its CEO Michael Saylor remained calm, stating that the company was built for "long-term development."