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Bitwise CIO: Short-term traders see this pullback as a good buying opportunity, while crypto-native investors still dominate the market
GateNews
BlockBeats News, February 6 — Bitwise Chief Investment Officer Matt Hougan stated that he visited several financial advisors this week, and overall, they remain optimistic about the market. Those who have not yet invested see this pullback as a good buying opportunity, while those who bought earlier plan to continue holding.
If this pullback has taught us anything, it’s 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 fringe buyers (ETF investors) and overlooked HODLers (cryptocurrency native investors).
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