Michael Saylor, founder of MicroStrategy, said: "Bitcoin is going to devour gold. It has all the good things of gold without any of its flaws."
"The initial reaction to Bitcoin as a'risk-off 'asset is not surprising," Bernstein said in a research note. "This pattern is common in the Bitcoin market (and has previously been seen in the flash crash of March 2020), especially since it is the only market that trades on weekends. We remain calm." Analysts added: "We don't see any...