Bitcoin’s Price Breaks $40,000 Resistance
Bitcoin’s price reached a high of $42,404 on December 4, surpassing the significant psychological resistance level of $40,000. This surge comes in a bullish year for the leading cryptocurrency, which has seen a growth of over 150% in 2023.
General Spalding’s Perspective on Bitcoin
Retired United States Air Force brigadier general, Robert Spalding, shared his thoughts on Bitcoin via Twitter. He emphasized the need for advocates who care about more than just their own net worth if Bitcoin is to succeed. General Spalding believes that it is the “quiet ones” who are actively building companies and communities to promote adoption.
In response to a comment highlighting the existence of many advocates working towards this goal, General Spalding reiterated the importance of focusing on Bitcoin’s utility rather than its price.
The Support from Samourai Wallet
The official account of Samourai Wallet, a Bitcoin wallet that prioritizes privacy, expressed support for General Spalding’s message. They echoed his sentiment that Bitcoin advocates should prioritize understanding and promoting its capabilities as a tool.
Past Comments by General Spalding
This is not the first time General Spalding has spoken about Bitcoin. On December 3, he defended Bitcoin against claims that it is a Ponzi scheme due to its decentralized nature. His Twitter account has been the subject of controversy before, with comments sparking debates among BTC advocates.
The account has been active since 2008 and has been identified as belonging to Robert Spalding by Jordan Harbinger on his show. General Spalding is known for his expertise in U.S.-China relations, economics, national security, and the military balance in the Asia-Pacific region.
Hot Take: Advocating for Bitcoin’s Potential
General Spalding’s call for Bitcoin advocates to prioritize its utility over its price highlights the importance of understanding and promoting the true potential of cryptocurrencies. While the surge in Bitcoin’s price is significant, it is crucial to focus on how this technology can revolutionize various industries and empower individuals worldwide.
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