If BTC Falls Below This Price Level, It Could Cause a Major Crisis, Worse Than the FTX Incident 100 Times

In a recent podcast, experts from Alliance DAO warned that Bitcoin could face a major crisis if the price falls below $58,000, a threshold they call the “Most Important Price Level”. Why is 58,000 USD still a living threshold? The $58,000 price is not just a random number. It is considered to be the average purchase price of MicroStrategy, the publicly traded company that owns the world’s largest amount of Bitcoin with over 150,000 BTC, accounting for 3% of the total Bitcoin supply. MicroStrategy, under the leadership of Michael Saylor, has heavily invested in Bitcoin as a long-term strategy. However, if the price of Bitcoin drops below this level, the company may face the risk of liquidating assets, resulting in a huge loss for the market as a whole.

Crisis Could Be 100 Times Worse Than FTX and Terra Luna According to analysts, the liquidation of MicroStrategy could trigger a much more severe crisis than the collapse of Terra Luna or the FTX exchange, two events that have shaken the entire cryptocurrency market. The potential consequences include: Domino effect: Many companies and investors may be dragged into a spiral of losses. Loss of trust: Trust in Bitcoin and the cryptocurrency market may be severely eroded. Optimistic Scenario: Bitcoin Reaches $500,000 However, podcasts also paint a more positive picture, in which the price of Bitcoin could rise to 500,000 USD in the future. At this price level, the amount of Bitcoin that MicroStrategy owns will turn the company into one of the most valuable enterprises globally. Michael Saylor could become the first trillionaire, surpassing all records of wealth in human history. What does Michael Saylor say? As one of the strong supporters of Bitcoin, Michael Saylor often refers to it as the “digital gold” - a reliable asset to hedge against inflation. He believes that Bitcoin will become the center of the global economy in the future. DYOR! #Write2Win #Write&Earn $BTC {spot}(BTCUSDT)