Why High Net-Worth Investors Are Super Bullish on Bitcoin Right Now
The difference in outlook between traders and high net-worth individuals has never been greater, according to David Siemer, CEO of Wave Digital Assets. Updated Jan 10, 2025, 7:51 p.m. UTCPublished Jan 11, 2025, 3:00 p.m. UTCAs bitcoin (BTC) wobbles around the $90,000-$95,000 area, down more than 10% from its all-time high touched a bit less than four weeks ago, a contrast is growing between traders — whose technical analysis tools show the top cryptocurrency may be due for another plunge — and long-term investors who believe the bull run is nowhere near done.That’s according to David Siemer, CEO of Wave Digital Assets, a firm that provides asset management services to funds and high net-worth individuals in the crypto space. The company counts Charles Hoskinson, the CEO of the firm behin...