Yes, we had a major deleveraging event and it affected the #Bitcoin price. But would you rather hold dollars or euros in the long term?
EUR
Low: 930 sats → Now: 1049 sats
USD
Low: 793 sats → Now: 899 sats
In euros, the recent low was the first one since Jan 20th of this year, and we’re again fighting the 1,000 sats per EUR level.
In dollars, we already had several lows, and are approaching 500 sats per USD even faster.
If you're worried about current price action (orange area), you might want to zoom out. This chart is only 2 years of data.
Is holding MSTR and Metaplanet a bad idea?
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Only if you don't believe in the business model.
They will not outperform bitcoin on the long term, there’s no second best