{"id":60916,"date":"2026-10-31T20:11:14","date_gmt":"2026-10-31T20:11:14","guid":{"rendered":"https:\/\/www.bitrabo.com\/discover\/?p=60916"},"modified":"2026-10-31T20:11:14","modified_gmt":"2026-10-31T20:11:14","slug":"strive-ceo-binance-resilient-but-cautions-on-bitcoin","status":"publish","type":"post","link":"https:\/\/www.bitrabo.com\/discover\/strive-ceo-binance-resilient-but-cautions-on-bitcoin\/","title":{"rendered":"Strive CEO: Binance Resilient but Cautions on Bitcoin"},"content":{"rendered":"\n

Bitcoin Analyst Stays Optimistic Post-Binance Attack<\/strong><\/p>\n

In the wake of a significant attack on Binance, Strive CEO Matt Cole expressed confidence in Bitcoin’s long-term prospects, maintaining that the incident has not altered his investment outlook. As a result of the downtrend in the cryptocurrency market, Bitcoin’s value did experience a drop but remained more resilient than Cole had initially expected.<\/p>\n

Before the attack, Bitcoin was trading around $80,600 and fell to approximately $77,400\u2014a decline of about 4%. Cole noted that while this decrease signifies a reduction in value, it does not definitively indicate that Bitcoin has hit its lowest point.<\/p>\n

<\/span>Future Recovery Timeline for Bitcoin<\/span><\/h2>\n

Describing the current market conditions as akin to \u201cearly spring,\u201d Cole anticipates a recovery period for Bitcoin that could extend between 6 to 9 months. He suggests that any resurgence in Bitcoin\u2019s price will likely be gradual, rather than a rapid return to record highs. As of October 23, he disclosed holding 43,000 BTC, emphasizing that the recent developments would not affect Strive\u2019s long-term investment strategy in Bitcoin.<\/p>\n

In breaking down the implications of the Binance incident, Cole compared it to a bank heist, asserting that it should not be viewed as a reflection of Bitcoin’s underlying security. This sentiment was echoed by Paul Chapman, a financial crime expert at Wirex, who clarified that the breach was a failure related to Binance\u2019s centralized infrastructure, not the Bitcoin network itself.<\/p>\n

<\/span>Historical Context of Bitcoin Price Movements<\/span><\/h2>\n

Historically, Bitcoin has displayed varying levels of volatility in response to exchange security breaches. After a $1.5 billion attack on Bybit in 2025, Bitcoin’s price fell from $100,000 to $95,000, losing around 5%. Research from Anchorage Digital highlighted an average immediate decline of 8.3% in the 24 hours following major exchange hacks. In light of this data, the recent 4% drop in Bitcoin’s value after the Binance attack marks a relatively stable performance compared to past incidents.<\/p>\n

<\/span>Investigation into Binance Attack Continues<\/span><\/h2>\n

Ongoing investigations are probing how the Binance breach was executed. Blockchain security expert Ido Ben-Natan indicated that the attackers might have leveraged a vulnerability in Binance\u2019s transaction signing protocols. Analysis revealed that 50 distinct authorization signatures occurred in a transaction on the Ethereum network, suggesting a potential exploit that allowed the hackers to execute unauthorized code within the wallet.<\/p>\n

This article does not constitute investment advice.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin Analyst Stays Optimistic Post-Binance Attack In the wake of a significant attack on Binance, Strive CEO Matt Cole expressed confidence in Bitcoin’s long-term prospects, maintaining that the incident has not altered his investment outlook. As a result of the downtrend in the cryptocurrency market, Bitcoin’s value did experience a drop but remained more resilient […]<\/p>\n","protected":false},"author":14,"featured_media":60917,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Strive CEO: Binance Resilient but Cautions on Bitcoin - Bitrabo","description":"Bitcoin Analyst Stays Optimistic Post-Binance Attack In the wake of a significant attack on Binance, Strive CEO Matt Cole expressed confidence in Bitcoin's long"},"_slim_seo_primary_term_category":0,"_slim_seo_primary_term_post_tag":0,"footnotes":""},"categories":[316],"tags":[347,448,576,2354,808,10836,809],"class_list":["post-60916","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-binance","tag-bitcoin","tag-ceo","tag-held","tag-issues","tag-strive","tag-warning"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/60916","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=60916"}],"version-history":[{"count":1,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/60916\/revisions"}],"predecessor-version":[{"id":60918,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/60916\/revisions\/60918"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/60917"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=60916"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=60916"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=60916"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}