Jason Huang, founding partner of NextGen Digital Venture (NDV), expressed confidence in Bitcoin's resilience against significant price corrections during a discussion with Tiger Brokers on November 18. Huang highlighted Bitcoin's four-year halving cycle, which reduces new issuance and market selling pressure over time. As a nearly $2 trillion asset, Bitcoin's price is heavily influenced by macroeconomic liquidity. He noted that current sell-offs by long-term holders are part of normal market turnover.
Huang believes that if the environment of loose liquidity and interest rate cuts persists, Bitcoin is unlikely to experience a major downturn. He compared Bitcoin's limited, non-renewable nature to gold, suggesting that as more people understand and accept its technological attributes, Bitcoin will maintain its unique market advantage.
NDV Partner Sees Limited Downside for Bitcoin Amid Market Conditions
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