BlockBeats News, February 12th, Bitwise CEO Hunter Horsley posted on social media that a wealth management client they met two years ago, who had never previously allocated to crypto, just put $11 million into Bitcoin today amid this downturn. For many investors who have not yet entered the cryptocurrency space, a downturn is seen as an opportunity.
People often forget that many professional investors are indeed professional "buy-the-dip" advocates. While this may not have been the case in the past, an increasing number of mainstream investors have now entered the crypto field. In their eyes, price drops are not a signal of failure but a rare buying opportunity, just as they view bear markets in all other asset classes. The crypto market is maturing.
