Some of the highest-profile investors in crypto believe that a crypto market bottom is fast approaching, and the timing is right to buy - although one still warns of catastrophic outcomes should prices fall below established support levels. Early last month, MicroStrategy CTO Phong Lee reassured concerned shareholders that the biggest holder among publicly traded companies had nothing to worry about as another Crypto Winter approached. "Essentially, Bitcoin needs to be cut in half, or around $21,000, before we'd have a margin call," Lee told investors on a quarterly earnings call. Last week, United States Treasury Secretary Yellen spoke out against the dangers of cryptocurrencies as a retirement savings vehicle, calling it a "very risky move." Yellen isn't alone in her criticism; several analysts and professionals have also publicly blasted the idea. For example, Forbes contributor and partner at law firm Adkisson Pitet, Jay Adkisson, likened it to playing roulette. Tech entrepreneur Marlon Williams believes blockchain represents the future of the way we interact and do business online. "Creators, the ones uploading the photos, writing the status messages, adding their personal information on these sites, they're the ones who are going to monetize their data online," said Williams. "So the future of the internet is controlled by individuals, not by corporations, and it's because of blockchain technology." You can find these stories and more at the link below:
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