Headline: Bitwise CEO: Wealth Management Client Placed $11M Bet on Bitcoin During Recent Market Dip Bitwise Asset Management CEO Hunter Horsley revealed that a wealth management client invested $11 million in Bitcoin during the recent market correction — the client’s first crypto purchase after roughly two years of conversations with the firm. Horsley said the buy came amid the pullback as the client, who had previously held off on digital assets, decided to enter the market. According to the CEO, this move illustrates a broader trend among some institutional and high-net-worth investors who are treating price declines as buying opportunities rather than deterrents. Horsley highlighted that Bitcoin’s long-term value proposition and its capped supply continue to draw interest within the wealth management community despite short-term volatility. The purchase, he suggested, is emblematic of investors looking past daily price swings to the asset’s structural characteristics. Market analysts cited in the report interpret large, single-ticket Bitcoin purchases like this as evidence of persistent institutional demand that isn’t solely driven by short-term momentum. They also cautioned that volatility remains a central risk, recommending investors use disciplined risk-management strategies when allocating to crypto. Bitwise Asset Management provides cryptocurrency investment products and services to both institutional and individual clients. This $11 million purchase underscores ongoing institutional engagement with Bitcoin even as the market experiences intermittent corrections. Read more AI-generated news on: undefined/news