Some institutional investors view the decline in Bitcoin prices as an opportunity rather than a failure, experts believe.
BlackRock's Expert Opinion
Robbie Mitchnick from BlackRock noted that long-term Bitcoin holders see current economic conditions as a cause for 'irrational sell-offs.' According to him, major investors who previously sold assets at high price points are returning to the market to buy at lower prices. He also emphasized that 'economic recession acts as a catalyst for Bitcoin growth.'
Michael Saylor's Position
Michael Saylor from MicroStrategy believes that the current $80,000 price of Bitcoin is an excellent opportunity for continued accumulation. He highlighted that banks' reluctance to properly value Bitcoin is temporary, and they will soon start accepting the asset on a full scale, leading to its growth. Saylor argues that under the influence of traditional banks, Bitcoin could reach $10,000,000.
Institutional Investors' Reaction
The decline in BTC prices encourages institutions and large holders to actively build positions. BlackRock's iShares Bitcoin Trust ETF manages $37 billion in Bitcoin assets. Fidelity is also increasing its positions through ETF portfolios. ARK Invest and other financial entities are continuing to increase investments in Bitcoin despite market uncertainties.
Experts agree that the current economic situation opens up new opportunities for Bitcoin's investment growth, seen by both institutional and private investors.
