If BTC falls below this price, it could cause a major crisis, 100 times worse than the FTX incident

Bitcoin Could Cause a Crisis 100 Times Worse Than FTX?

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 called a “crucial price level.”

Why is $58,000 a critical milestone?
The $58,000 price tag isn’t just a random number. It’s said to be the average purchase price of MicroStrategy , the world’s largest publicly traded company with over 150,000 BTC , representing 3% of the total Bitcoin supply .

MicroStrategy, under the leadership of Michael Saylor , has invested heavily in Bitcoin as a long-term strategy.
However, if the price of Bitcoin falls below this level, the company could face the risk of liquidating its assets , leading to a huge loss for the entire market.

Crisis Could Be 100 Times Worse Than FTX and Terra Luna
According to analysts, MicroStrategy's liquidation could trigger a crisis much more serious than the collapse of Terra Luna or the FTX exchange , two events that shook the entire cryptocurrency market.

Potential consequences include:

Domino Effect : Many companies and investors can be dragged into a losing spiral.
Loss of Confidence : Confidence in Bitcoin and the cryptocurrency market could be severely eroded.
Optimistic scenario: Bitcoin hits $500,000
However, the podcast also presented a more positive scenario, in which the price of Bitcoin could rise to $500,000 in the future.

At this price, the amount of Bitcoin that MicroStrategy owns would make the company one of the most valuable businesses in the world.
Michael Saylor could become the first trillionaire , surpassing every record for wealth in human history.
What does Michael Saylor say?
As one of the strongest proponents of Bitcoin, Michael Saylor often calls it “ digital gold ” – a reliable asset to protect against inflation.

He believes that Bitcoin will become central to the global economy in the future.

Will Bitcoin Face a Crisis or Break Out to New Heights? Time Will Tell!