Coinbase Exec: Institutional Investors Buying Bitcoin During Dip Below $60,000
By
Jake Simmons
Baker's choice. Dense with flavour, light on filler.
Summary
Coinbase's head of institutional strategy, John D'Agostino, stated on CNBC that institutional investors, family offices, and sovereign-linked buyers are viewing Bitcoin's drop below $60,000 as a buying opportunity rather than a reason to exit. The comments came during a discussion about whether Bitcoin's decline toward the $59,000 support level would hold, with D'Agostino emphasizing that large investors are accumulating during the selloff.
Key quotes
· 2 pulledLarge investors are not retreating from Bitcoin's latest selloff.
Institutional investors, family offices and sovereign-linked buyers are treating the drawdown as an opportunity to accumulate rather than a reason to exit.
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