'Crypto King' Silbert: Crash Is a Gift From Crypto Gods

utoday02-01 09:37

On Jan. 31, retail traders reeled from an excruciating market correction that wiped out over $2 billion in positions.However, Digital Currency Group founder Barry Silbert appears to be unfazed by the ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2608988000?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-02-01 09:37","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2608988000","market":"other","top_or_hot":-1,"title":"'Crypto King' Silbert: Crash Is a Gift From Crypto Gods","media":"utoday","content":"<div>\n<p>On Jan. 31, retail traders reeled from an excruciating market correction that wiped out over $2 billion in positions.However, Digital Currency Group founder Barry Silbert appears to be unfazed by the ...</p>\n\n<a href=\"https://u.today/crypto-king-silbert-crash-is-a-gift-from-crypto-gods\">Source Link</a>\n\n</div>\n","source":"utodaynews_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>'Crypto King' Silbert: Crash Is a Gift From Crypto Gods</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n'Crypto King' Silbert: Crash Is a Gift From Crypto Gods\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-02-01 09:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://u.today/crypto-king-silbert-crash-is-a-gift-from-crypto-gods><strong>utoday</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>On Jan. 31, retail traders reeled from an excruciating market correction that wiped out over $2 billion in positions.However, Digital Currency Group founder Barry Silbert appears to be unfazed by the ...</p>\n\n<a href=\"https://u.today/crypto-king-silbert-crash-is-a-gift-from-crypto-gods\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4601","symbol_name":"加密货币现货ETF","start_time":0,"source_url":"https://u.today/crypto-king-silbert-crash-is-a-gift-from-crypto-gods","article_id":"2608988000","we_media_id":null,"thumbnails":[],"rights":{"source":"utodaynews_highlight","url":"https://u.today/crypto-king-silbert-crash-is-a-gift-from-crypto-gods","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2608988000","pubTimestamp":1769909820,"columns":[],"sourceInfo":{"source_id":"utodaynews_highlight","name":"u.today"},"weMediaInfo":null,"summary":"On Jan. 31, retail traders reeled from an excruciating market correction that wiped out over $2 billion in positions.However, Digital Currency Group founder Barry Silbert appears to beunfazed by the b","collect":0,"end_time":0,"defaultTopTitle":"u.today","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4601":"加密货币现货ETF","BTC.AU":"Btc Health Ltd","BK4588":"碎股","BTC":"Grayscale Bitcoin Mini Trust","BK4585":"ETF&股票定投概念","BK4594":"比特币ETF概念"},"translate_title":"“加密货币之王”西尔伯特：崩溃是加密货币之神的礼物","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BTC":1,"BTC.AU":1},"content_text":"On Jan. 31, retail traders reeled from an excruciating market correction that wiped out over $2 billion in positions.However, Digital Currency Group founder Barry Silbert appears to be unfazed by the brutal wipeout. He labeled the crash a \"gift from the crypto gods.\"Silbert took to X to argue that the steep sell-off was a necessary event to flush out speculative excess.Jan. 31 market flushThe market turbulence on Jan. 31 was extremely severe, and it has likely tested the faith of even the most ardent bulls.Bitcoin (BTC), which had been trading near a 24-hour high of $83,125.88, lost critical support, plunging 5.2% to trade around $78,727. At its lowest point in the session, the leading cryptocurrency touched $77,082.According to market data provided by CoinGlass, a staggering $2.44 billion was erased from the market.Of the total liquidations, $2.27 billion came from long positions, compared to just $171.09 million in short liquidations.Saylor remains unfazedFor the first time since October 2023, the spot price of Bitcoin has fallen below MicroStrategy’s cost basis. On the Bitstamp exchange, BTC reached an intraday low of $75,555. That was the lowest level that the cryptocurrency hit since early April, the month of the infamous tariff shock in the U.S. Saylor’s firm has an average cost basis of $76,037.Now that Bitcoin is trading in the $77,000-$78,000 range, the margin of safety for the largest corporate holder of Bitcoin has nearly evaporated.However, Saylor appears to be unfazed by the most recent market correction. In a recent social media post, he stated that he is built for \"the long run\" with an AI-generated picture of himself participating in a marathon.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2608988000","isCrawlerRequest":true}