Ted Rogers, the chairman of Xapo, a popular Bitcoin wallet and vault operator, has said that the lower price range of Bitcoin presents a better opportunity to purchase the digital asset.In a recent statement, Rogers said:“We could be in the midst of the extinction-level event for ‘cryptoassets’ that many maximalists have predicted. 90%+ of CoinMarketCap list will disappear eventually – might as well happen now. Meantime, lower BTC price means incredible opportunity to buy more Bitcoin”Why is Rogers Very Optimistic?Earlier this year, Bloomberg reported that Xapo, the go-to vault service provider for large-scale retail traders and institutions, has been holding more than $10 billion worth of Bitcoin in its vaults in Switzerland, more than the amount of deposits 98 percent of banks in the US hold.In an interview, Ryan Radloff of CoinShares told Bloomberg that he personally holds more than $500 million worth of Bitcoin with Xapo and all
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