Strive CEO Matt Cole: Bitcoin Outperforms Expectations, Too Early to Call the Bottom

On October 31, according to Cointelegraph, Strive CEO Matt Cole stated on the publication's Chain Reaction program that Bitcoin's downside resilience following the Binance hack was stronger than expected, but it is still too early to determine that prices have bottomed out.

Cole believes that an attack on an exchange wallet is akin to a bank robbery, does not signal a failure of the Bitcoin network, and has not altered his long-term investment thesis for Bitcoin. He characterizes the current market as the "early spring" stage of recovery, expecting this phase to continue for another six to nine months, with prices gradually rebounding rather than surging rapidly to new highs.