The current price level represents more than an 80% discount from its all-time high (ATH).BTC is cheap or discounted at $19,000 is that most of the institutional traders bought in at higher price levels.
El Salvador’s president Nayib Bukele added 80 Bitcoin [BTC] to its balance sheet on 1st July. He also noted that the purchase was made at $19,000 per BTC, a price level that he described as cheap.
Many other crypto proponents share similar sentiments that Bitcoin is at a discount currently.
MicroStrategy is among them, and the organization recently announced the purchase of 480 BTC worth roughly $10 million.
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