Bitwise Asset Management executives highlight the current Bitcoin downturn as a strategic buying opportunity for institutional investors. CEO Hunter Horsley noted a significant increase in Bitcoin ETF trading volumes, reaching three to four times their usual levels, indicating heightened institutional engagement. Despite a 50% decline in the global cryptocurrency market since October 10, institutions are capitalizing on lower prices to enter the market.
Bitwise CIO Matt Hougan described the ongoing market conditions as a 'crypto winter,' attributing the downturn to excessive leverage and profit-taking. He emphasized that institutional flows have helped stabilize Bitcoin prices, even as retail-driven tokens continue to struggle. Hougan expressed cautious optimism about a potential market recovery, suggesting that current conditions may present a pivotal long-term opportunity for institutions.
Bitwise CEO Sees Bitcoin Slump as Institutional Buying Opportunity
Aviso legal: El contenido de Phemex News es únicamente informativo.No garantizamos la calidad, precisión ni integridad de la información procedente de artículos de terceros.El contenido de esta página no constituye asesoramiento financiero ni de inversión.Le recomendamos encarecidamente que realice su propia investigación y consulte con un asesor financiero cualificado antes de tomar cualquier decisión de inversión.
