Bitfury Co-Founder: Recent 50% Cryptocurrency Market Drop is a Buying Opportunity

BlockBeats News, February 11th, Val Vavilov, co-founder of Bitfury and early Bitcoin investor, sees the recent almost 50% drop in the crypto market as a buying opportunity. While he remains bullish on Bitcoin, he emphasizes that Bitcoin is just part of his diversified investment portfolio, which currently includes an AI-focused data center business.

Vavilov did not disclose the specific scale of his purchases, but his strategy contrasts with the large bets made by other crypto industry giants. For example, Michael Saylor has invested $7 billion in Bitcoin since the market downturn in October. By diversifying in the crypto and AI fields, Vavilov has maintained asset stability during market fluctuations, with his net worth currently around $1.1 billion.