Strive Asset Management CEO Matt Cole said at BTC Prague that Bitcoin (CRYPTO: BTC) is likely bottoming around the 200-week moving average and projects a base case of $80,000 to $120,000 by year-end.
Cole Bought The Exact 32 Bitcoin Saylor Sold
Cole said it was partially deliberate, with Bitcoin down significantly that week and 32 coins matching what Strive planned to buy anyway. He publicly told Saylor those Bitcoin will be more expensive to repurchase.
Cole also pushed back on the narrative that Strategy’s small Bitcoin sale was a bearish signal.
He pointed out Strategy still bought a net 20,000-plus Bitcoin that same month, meaning it has never been a net seller in any single month. “Those fears are going to age really poorly,” Cole said.
