{"id":135046,"date":"2024-08-07T09:00:31","date_gmt":"2024-08-07T06:00:31","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=135046"},"modified":"2024-08-07T00:27:50","modified_gmt":"2024-08-06T21:27:50","slug":"satoshi-nakamotos-vision-bitcoin-should-thrive-in-troubling-times","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/satoshi-nakamotos-vision-bitcoin-should-thrive-in-troubling-times\/","title":{"rendered":"Satoshi Nakamoto\u2019s Vision: Bitcoin Should Thrive in Troubling Times"},"content":{"rendered":"<p>Ju used <strong><a href=\"https:\/\/x.com\/ki_young_ju\/status\/1820513992932016549?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1820513992932016549%7Ctwgr%5Ebd3656b9113d2631b27c54079b6f2f139b2131f4%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fu.today%2Fsatoshi-nakamotos-original-bitcoin-goal-shared-by-cryptoquant-ceo&amp;ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1820513992932016549%7Ctwgr%5Ebd3656b9113d2631b27c54079b6f2f139b2131f4%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fu.today%2Fsatoshi-nakamotos-original-bitcoin-goal-shared-by-cryptoquant-ceo\" rel=\"nofollow\">insights<\/a> <\/strong>he attributes to <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin\u2019s<\/a> <\/strong>creator, Satoshi Nakamoto, to settle the discussion.<\/p>\n<p>In a recent tweet, Ju highlighted the divide among Bitcoin investors: one faction views Bitcoin as a tech stock, while the other sees it as digital gold. According to Ju, the former group tends to panic sell and shift to physical gold during market downturns. Ju criticized this approach and emphasized Nakamoto\u2019s vision that Bitcoin should thrive in challenging times.<\/p>\n<p>Meanwhile, cryptocurrency analyst Ali Martinez has shared a forecast based on a chart showing Bitcoin\u2019s current pattern. Martinez noted that Bitcoin is forming a Rising Wedge pattern, which historically precedes a decline.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-135012\" href=\"https:\/\/cryptodnes.bg\/en\/bitcoins-recent-drop-mirrors-2016-market-trends-according-to-crypto-expert\/\" title=\"Bitcoin&#8217;s Recent Drop Mirrors 2016 Market Trends, According to Crypto Expert\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/12\/coin_Witness-Largest-Single-Day-Rise-Bitcoin-Hit-US39K-for-E-commerce-Giant-big-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Bitcoin&#8217;s Recent Drop Mirrors 2016 Market Trends, According to Crypto Expert<\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>Earlier, Martinez pointed out that, despite a record high in institutional Bitcoin investments, market sentiment remains in a state of \u201cextreme fear.\u201d Bitcoin experienced a sharp 18% drop earlier in the week, falling from approximately $60,000 to below $50,000 on Monday.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">In the short term, <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Bitcoin<\/a> forms a rising wedge, a pattern often linked to downtrends. Though <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$BTC<\/a> might climb to $56,000-$57,000 at the wedge\u2019s upper boundary, watch for a potential breakdown that could pull <a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#BTC<\/a> back to around $51,000! <a href=\"https:\/\/t.co\/qwBvwwHNnO\" rel=\"nofollow\">pic.twitter.com\/qwBvwwHNnO<\/a><\/p>\n<p>\u2014 Ali (@ali_charts) <a href=\"https:\/\/twitter.com\/ali_charts\/status\/1820763336625066097?ref_src=twsrc%5Etfw\" rel=\"nofollow\">August 6, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Since then, it has partially recovered, regaining about 11% of its value, with the current price around $55,253. Overall, Bitcoin saw nearly a 24% decline between Friday and Monday, dropping from the $65,300 range.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ki Young Ju, the CEO and founder of CryptoQuant, has recently weighed in on the ongoing debate regarding Bitcoin&#8217;s position in the financial landscape.<\/p>\n","protected":false},"author":3,"featured_media":27806,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[72,224,108],"coin_category":[],"class_list":["post-135046","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-gold","tag-price"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Satoshi Nakamoto\u2019s Vision: Bitcoin Should Thrive in Troubling 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