 ▲ Bitcoin (BTC) |
Amid fears surrounding Bitcoin (BTC) hovering near $60,000, Bitwise CEO Hunter Horsley described the current downturn as a once-in-a-generation buying opportunity for institutional investors.
According to cryptocurrency-focused outlet The Crypto Basic on February 6 (local time), Horsley recently said the current price correction is offering institutions that missed previous lows a second chance that may never come again. He pointed to a three- to fourfold surge in spot Bitcoin ETF trading volumes compared with normal levels, noting that institutional participation remains stronger than ever despite falling prices. He emphasized that the pace of new institutional capital inflows is accelerating during this extreme fear phase, with Bitcoin threatening the $60,000 level.
Horsley assessed that the current decline is driven not by internal issues in the crypto market but by shifts in the broader macroeconomic environment. As investors sell highly liquid assets such as gold, the Nasdaq 100, and companies like Amazon to raise cash, Bitcoin is also being pulled down in tandem. He added that while long-term holders feel uneasy about price volatility, new institutional players are using this period as a strategic entry point to accumulate at discounted prices.
Bitwise Chief Investment Officer Matt Hougan also maintained cautious optimism, viewing the current situation as the final stage of a crypto winter marked by excessive leverage and waves of profit-taking. Hougan said institutional capital flows are acting as a buffer that supports Bitcoin’s downside, a fundamentally different pattern from past downturns led by retail investors. He projected that Bitcoin could build a base within a range of $75,000 to $100,000 before re-entering a long-term upward trajectory.
Fundamental changes in market structure are another key reason this downturn is being viewed as an opportunity. Horsley argued that the old four-year cycle downturn theory is no longer valid in an environment where a crypto-friendly U.S. administration is taking office and regulated infrastructure such as spot Bitcoin ETFs is in place. As the market matures, more participants are focusing on intrinsic value rather than short-term price swings, a process that reinforces Bitcoin’s status as digital gold. Horsley emphasized that Bitcoin’s market size remains small relative to the overall asset market, leaving ample room for future capital inflows.
The digital asset market is approaching a new inflection point as expectations for deregulation under the Trump administration intersect with institutions’ full-scale portfolio allocations. Bitwise executives forecast that if Bitcoin confirms strong support around the $60,000 level, 2026 could see the largest bull market in history. Rather than reacting to short-term downward pressure, investors are maintaining strategic patience to capture generational opportunities by closely monitoring institutional accumulation prices and supply-demand dynamics in spot Bitcoin ETFs.
*Disclaimer: This article is for investment reference purposes only and does not assume responsibility for any investment losses incurred based on it. The information provided should be interpreted solely for informational purposes.*