News from the Bitcoin Summit in New York, Where the Wealthiest Gather – “Appetite for Bottom-Fishing Is Rising”
Experts reporting from Bitcoin Investor Week in New York argue that despite price fluctuations in the market, institutional interest is higher than ever and the appetite for “buying the dip” is surging.
Prominent figures in the cryptocurrency world, Scott Melker (The Wolf Of All Streets), Andrew Parish, Tillman Holloway, and Bill Barhydt, unveiled the behind-the-scenes workings of the market in a live broadcast from Chelsea Piers in New York. According to the experts, while individual investors are concerned about price drops, large institutions and family offices view the current situation not as an “end,” but as a massive investment opportunity.
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The most striking detail highlighted in the broadcast was that institutional investors were focused on the future of the technology rather than the price. Bill Barhydt summarized the atmosphere at the event with these words: “For the first time in cryptocurrency history, I’m seeing such a bullish sentiment while prices have pulled back by 50%. Nobody is talking about the price; everyone is discussing tokenization, RWAs (Real World Assets), and the clarification of regulatory frameworks.”
The article also highlighted an anecdote shared by Bitwise CEO Hunter Horsley. It mentioned that an institutional client, who had been monitoring the market for two years, seized the opportunity presented by the recent downturn and bought $11 million worth of Bitcoin in a single transaction. This was presented as the clearest evidence that “smart money” reads the market differently than retail investors.
During the broadcast, Andrew Parish argued that BlackRock’s decision to make its BUIDL fund available for trading on a decentralized platform like Uniswap was revolutionary. According to Parish, this shows that Wall Street giants are no longer content with just Bitcoin ETFs, but are directly integrating into the DeFi ecosystem.
*This is not investment advice.
Continue Reading: News from the Bitcoin Summit in New York, Where the Wealthiest Gather – “Appetite for Bottom-Fishing Is Rising”
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