It’s interesting to say that this time I went to Bangkok to have a meal with Kan Ge @tktang88 and some very excellent partners from Cheung Kong Graduate School of Business. Having cryptocurrency has almost become a necessity for entrepreneurs in these traditional fields who achieve great results; basically, everyone has bitcoin:native. They might trade about two or three times a year, primarily buying, and almost never holding cash. The enthusiasm and confidence in cryptocurrency are very high.

We had fun for three days, and the most talked-about topic was that the current price is suitable for bottom fishing. Some friends had orders below $61,000, while others had orders between $57,000 and $59,000. They all felt that the current price is quite an appropriate buying point. If you ask what if it drops further?

If it continues to drop, just keep buying. So, the firmness at $60,000 is not just talk; I witnessed "old money" buying. Of course, this doesn't mean it won't drop below $60,000, but for investors who consider Bitcoin as an asset allocation, the bottom is gradually bought, not waited out.

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