--- title: "Strive CEO says Binance hack hasn't changed his long-term Bitcoin case" description: "Strive CEO Matt Cole said the Binance hack has not changed his long-term case for Bitcoin, Cointelegraph reported, while cautioning that it is too early to…" language: en canonical: "https://whycoinmoves.com/en/events/bitcoin-bitcoin-held-up-better-than-6aabe300a10cf2" published: 2026-10-31T15:31:57.000Z updated: 2026-10-31T16:33:00.000Z indexable: true --- # Strive CEO says Binance hack hasn't changed his long-term Bitcoin case Strive CEO Matt Cole said the Binance hack has not changed his long-term case for Bitcoin, Cointelegraph reported, while cautioning that it is too early to… Attributed sources: [Cointelegraph]() ## Key facts Strive CEO Matt Cole said the Binance hack has not changed his long-term case for Bitcoin, Cointelegraph reported, while cautioning that it is too early to call a market bottom. Evidence strength: Single source, 1 publisher group(s) (Cointelegraph). After site detection, observed returns were 5 minutes: +0.09% (Oct 31, 2026, 15:31 → Oct 31, 2026, 15:36, UTC; Gate · USDT); 1 hour: +0.13% (Oct 31, 2026, 15:31 → Oct 31, 2026, 16:31, UTC; Gate · USDT) In the preceding 30 days, the 99th percentile of absolute hourly returns was 1.23% (OKX · USDT; cutoff Oct 31, 2026, 15:31, UTC). ## Returns after site detection | Window | Return | BTC | Difference from BTC | Actual sampled interval (UTC) | Source | | --- | --- | --- | --- | --- | --- | | 5 minutes | +0.09% | +0.09% | 0.00 pts | Oct 31, 2026, 15:31 → Oct 31, 2026, 15:36 | Gate · USDT | | 1 hour | +0.13% | +0.13% | 0.00 pts | Oct 31, 2026, 15:31 → Oct 31, 2026, 16:31 | Gate · USDT | ## Historical hourly baseline | Metric | Value | | --- | --- | | Coverage | 100.0% (720/720) | | Median absolute hourly return | 0.14% | | 99th percentile of absolute hourly returns | 1.23% | | BTC beta | 1.00 | | Source / cutoff (UTC) | OKX · USDT / Oct 31, 2026, 15:31 | ## Claims and open questions - Strive CEO Matt Cole said the Binance hack has not changed his long-term case for Bitcoin, according to Cointelegraph. - Cole cautioned that it is too early to call a market bottom, Cointelegraph reported. - What specific factors Cole cited for Bitcoin holding up better than expected after the hack, and whether Strive disclosed any change to its own bitcoin holdings or strategy in connection with the breach. ## Source evidence - [Bitcoin held up better than expected after Binance hack, Strive CEO says]() — Cointelegraph; published Oct 31, 2026, 15:26; received Oct 31, 2026, 15:31 (UTC). ## Recent BTC events and market reactions - [Nasdaq-listed Next Technology authorizes sale of up to $450 million in bitcoin]() — Published Oct 31, 2026, 12:49 (UTC) · Single source (1 publisher) · Security · 5m -0.02% / 1h +0.04% - [Wall Street analysts call Binance hack a buying opportunity for crypto stocks]() — Published Oct 30, 2026, 20:06 (UTC) · Single source (1 publisher) · Security · 5m +0.06% / 1h -0.35% - [Binance confirms record $6.4 billion hack as Bitcoin holds steadier than in 2018]() — Published Oct 30, 2026, 18:45 (UTC) · Single source (1 publisher) · Security · 5m -0.13% / 1h +0.13% - [SEC charges two companies over $130 million crypto investment scheme]() — Published Oct 30, 2026, 14:38 (UTC) · Single source (1 publisher) · Regulation · 5m +0.00% / 1h +0.78% / 24h +0.70% - [Analysts keep buy ratings on Strategy after preferred-stock changes]() — Published Oct 30, 2026, 14:30 (UTC) · Single source (1 publisher) · General news · 5m +0.21% / 1h +0.79% / 24h +0.86% - [Full coin archive]() ## Research for this archive - [Crypto hacks and price impact: Bybit and Cetus case studies]() - [Why is crypto moving? How to check the evidence behind a price explanation]() - [Altcoin beta to Bitcoin: BTC, ETH, SOL and DOGE hourly returns]() - [Will Bitcoin go back up? Every crash since 2011 and its recovery time]() Evidence levels describe source coverage, not the probability that a report is true. Price moves and their timing cannot establish a cause; minute samples show an observed interval and alert thresholds are heuristics. Explanations are model-assisted, with citations and figures checked. Source titles stay in their original language; full articles are not republished. [Methods and limitations]()