Senior Investment Strategist Juan Leon said some institutional investors view the recent drawdown as a buying opportunity, even as others wait for more clarity on U.S. crypto legislation.
Bitwise said Bitcoin’s price floor appears to be strengthening even as macroeconomic pressure, artificial intelligence enthusiasm and delays to U.S. crypto legislation weigh on sentiment. Senior Investment Strategist Juan Leon told The Block that some institutional investors are treating the recent drawdown as a “gift,” suggesting parts of the market see the pullback as a chance to add exposure, while others remain on the sidelines until there is more clarity from Washington. The comments point to a market split between buyers willing to accumulate through weakness and investors waiting for policy certainty before committing more capital.