Bitwise CIO: Cash-Heavy Traders View This Dip as a Buying Opportunity, Crypto-Native Investors Still Dominating Market
BlockBeats News, February 6th, Bitwise Chief Investment Officer Matt Hougan said that he visited several financial advisors this week, and overall everyone is still bullish on the market. Those who have not yet invested see this dip as a buying opportunity, while those who bought in earlier plan to continue holding.
If this dip has taught us anything, it is that ETF investors are not the market drivers; cryptocurrency native investors still dominate the market. Over the past year, we have spent too much time thinking about the marginal buyer (ETF investors) and ignored the HODLer (cryptocurrency native investors).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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