During Bitcoin Investor Week in New York, experts have noted that institutional interest in cryptocurrency remains robust despite the market’s price volatility, with a growing enthusiasm for “buying the dip.”
Key figures from the crypto industry, including Scott Melker (known as The Wolf Of All Streets), Andrew Parish, Tillman Holloway, and Bill Barhydt, shared insights into market dynamics during a live session at Chelsea Piers. They indicated that while retail investors may be anxious about falling prices, major institutions and family offices perceive this moment not as a crisis but rather as an exceptional investment chance.
A significant point raised during the discussion was that institutional players are prioritizing technological advancements over current pricing trends. Bill Barhydt encapsulated the mood of the event by stating: “For the first time in cryptocurrency history, I’m witnessing such optimistic sentiment even though prices have decreased by 50%. No one is fixated on price; instead, conversations revolve around tokenization, RWAs (Real World Assets), and clearer regulatory guidelines.”
The broadcast also featured an interesting story from Bitwise CEO Hunter Horsley. He recounted how an institutional client who had been observing market trends for two years took advantage of recent price drops to purchase $11 million worth of Bitcoin in one go. This incident serves as compelling evidence that “smart money” interprets market signals differently than individual investors.
In addition to these insights, Andrew Parish emphasized BlackRock’s groundbreaking move to allow its BUIDL fund to be traded on decentralized platforms like Uniswap. He argued that this development indicates Wall Street’s major players are eager to engage beyond just Bitcoin ETFs and are actively participating within the DeFi landscape.
*This does not constitute financial advice.