Bitwise CEO recommends investors buy BTC

						Array
(
    [classic-editor-remember] => Array
        (
            [0] => classic-editor
        )

    [_edit_lock] => Array
        (
            [0] => 1666004242:19
        )

    [_edit_last] => Array
        (
            [0] => 19
        )

    [_thumbnail_id] => Array
        (
            [0] => 17719
        )

    [_wp_page_template] => Array
        (
            [0] => default
        )

    [_prlipro-post-options] => Array
        (
            [0] => a:3:{s:14:"requested_slug";s:0:"";s:19:"hide_social_buttons";b:0;s:20:"disable_replacements";b:0;}
        )

    [_bsf_post_type] => Array
        (
            [0] => 0
        )

    [_bsf_item_review_type] => Array
        (
            [0] => none
        )

    [_yoast_wpseo_focuskw] => Array
        (
            [0] => Bitwise
        )

    [_yoast_wpseo_metadesc] => Array
        (
            [0] => Bitcoin’s bear market is a great opportunity for investors to increase their exposure to the cryptocurrency, according to Hunter Horsley.
        )

    [_yoast_wpseo_linkdex] => Array
        (
            [0] => 67
        )

    [_yoast_wpseo_content_score] => Array
        (
            [0] => 60
        )

    [_yoast_wpseo_estimated-reading-time-minutes] => Array
        (
            [0] => 2
        )

    [_yoast_wpseo_wordproof_timestamp] => Array
        (
            [0] => 
        )

    [post_introduction] => Array
        (
            [0] => Bitcoin’s bear market is a great opportunity for investors to increase their exposure to the cryptocurrency, according to Hunter Horsley. 
        )

    [_post_introduction] => Array
        (
            [0] => field_5e8bb40d3036a
        )

    [time_to_read] => Array
        (
            [0] => 2 mins read
        )

    [_time_to_read] => Array
        (
            [0] => field_5ea04c4ba2fca
        )

    [in_summary] => Array
        (
            [0] => 
        )

    [_in_summary] => Array
        (
            [0] => field_62542d4010cad
        )

    [_yoast_wpseo_primary_category] => Array
        (
            [0] => 7
        )

    [_yoast_wpseo_primary_crypto] => Array
        (
            [0] => 75
        )

    [ppma_authors_name] => Array
        (
            [0] => Alex
        )

)

Updated October 17, 2022 | Published October 17, 2022

2 mins read

Bitcoin’s bear market is a great opportunity for investors to increase their exposure to the cryptocurrency, according to Hunter Horsley.

Bitwise CEO Hunter Horsley has suggested that the bear marker in Bitcoin (BTC) should not be feared but embraced.

According to the chief executive, who spoke to Bloomberg, current events should be an opportunity for investors who are not exposed to BTC to get started and increase their reach in this vertical.

Horsley is convinced that this is a part of what he describes as the four-year cycles of the cryptocurrency.

The market in 2014 was down 60%, he said in the interview, but noted that the market was even worse impacted in 2018, when it went down by 70%. However, the overall market capitalization has been increasingly steadily.

In 2022, another downward trend was experienced, with the market crashing by 60%. That is all very well, because the market cap continues to climb year after year.

Following this logic, Horsley suggested, a new cycle is beginning in 2023 and it will be good for investors – new and old.

“So, the story of this year is definitely a bear market. Nevertheless, we’ve seen increased interest from our client base”, he added.

His advice finds solid reasoning in traditional finance where investors are looking to double down on their exposure to given assets when the market is down.

This reflects a strong belief that a given asset will improve and become profitable in the future, which is precisely what Horsley now suggests.

BTC has been enjoying steadfast adoption even by skeptics. Google said that it would allow cryptocurrency payments for its crypto payments.

All of this suggests that despite the shocks in the market, companies, investors, and regulators are all coming together because they realize the potential of BTC and other cryptocurrency options.

Looking for your next crypto casino? Check out: Bitcasino, Gamb.co or FortuneJack.

Written by Alex

Reporter

Alex is a well-rounded crypto writer who focuses on general market and legal developments. His main interest lies in how crypto gaming can become a more permanent part of the gaming landscape and how blockchain holds benefits to players they are not even aware of.
Best Casinos to play with…
Bitcoin
1
PLAY NOW
2
PLAY NOW
3
PLAY NOW
4
PLAY NOW
5
PLAY NOW
1
PLAY NOW
2
PLAY NOW
3
PLAY NOW
4
PLAY NOW
5
PLAY NOW
1
PLAY NOW
2
PLAY NOW
3
PLAY NOW
4
PLAY NOW
5
PLAY NOW
The Ledger: Crypto criminals face pressure, new regulation rolls in
The Ledger: Kraken launches crypto bank, TSM has new sponsor

Similar News

crypto 
								Array
(
    [0] => WP_Term Object
        (
            [term_id] => 4765
            [name] => aavegotchi
            [slug] => aavegotchi
            [term_group] => 0
            [term_taxonomy_id] => 4765
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 2
            [filter] => raw
        )

    [1] => WP_Term Object
        (
            [term_id] => 4513
            [name] => crypto
            [slug] => crypto
            [term_group] => 0
            [term_taxonomy_id] => 4513
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 1671
            [filter] => raw
        )

    [2] => WP_Term Object
        (
            [term_id] => 5304
            [name] => ICO
            [slug] => ico
            [term_group] => 0
            [term_taxonomy_id] => 5304
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 7
            [filter] => raw
        )

    [3] => WP_Term Object
        (
            [term_id] => 8275
            [name] => initial coin offering
            [slug] => initial-coin-offering
            [term_group] => 0
            [term_taxonomy_id] => 8275
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 1
            [filter] => raw
        )

    [4] => WP_Term Object
        (
            [term_id] => 8274
            [name] => Pixelcraft
            [slug] => pixelcraft
            [term_group] => 0
            [term_taxonomy_id] => 8274
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 1
            [filter] => raw
        )

)

Pixelcraft studios raises $30m in token sale

21/03/2023|18:30

Pixelcraft Studios, creator of the decentralized finance and NFT crypto pets experience Aavegotchi, has announced the completion of a multi-year...
crypto 
								Array
(
    [0] => WP_Term Object
        (
            [term_id] => 181
            [name] => Blockchain
            [slug] => blockchain
            [term_group] => 0
            [term_taxonomy_id] => 181
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 884
            [filter] => raw
        )

    [1] => WP_Term Object
        (
            [term_id] => 4513
            [name] => crypto
            [slug] => crypto
            [term_group] => 0
            [term_taxonomy_id] => 4513
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 1671
            [filter] => raw
        )

    [2] => WP_Term Object
        (
            [term_id] => 4804
            [name] => gaming
            [slug] => gaming
            [term_group] => 0
            [term_taxonomy_id] => 4804
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 52
            [filter] => raw
        )

    [3] => WP_Term Object
        (
            [term_id] => 8273
            [name] => Paavan Nanda
            [slug] => paavan-nanda
            [term_group] => 0
            [term_taxonomy_id] => 8273
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 1
            [filter] => raw
        )

    [4] => WP_Term Object
        (
            [term_id] => 5510
            [name] => web3
            [slug] => web3
            [term_group] => 0
            [term_taxonomy_id] => 5510
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 46
            [filter] => raw
        )

    [5] => WP_Term Object
        (
            [term_id] => 8272
            [name] => Winzo
            [slug] => winzo
            [term_group] => 0
            [term_taxonomy_id] => 8272
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 1
            [filter] => raw
        )

)

Winzo to invest $50m in global gaming ecosystem

21/03/2023|17:30

Indian social gaming platform Winzo has announced a $50m fund to invest in the global gaming ecosystem. The new fund...
crypto 
								Array
(
    [0] => WP_Term Object
        (
            [term_id] => 4513
            [name] => crypto
            [slug] => crypto
            [term_group] => 0
            [term_taxonomy_id] => 4513
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 1671
            [filter] => raw
        )

    [1] => WP_Term Object
        (
            [term_id] => 5552
            [name] => crypto ads
            [slug] => crypto-ads
            [term_group] => 0
            [term_taxonomy_id] => 5552
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 5
            [filter] => raw
        )

    [2] => WP_Term Object
        (
            [term_id] => 8271
            [name] => Financial Services and Markets Authority
            [slug] => financial-services-and-markets-authority
            [term_group] => 0
            [term_taxonomy_id] => 8271
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 1
            [filter] => raw
        )

    [3] => WP_Term Object
        (
            [term_id] => 1026
            [name] => regulation
            [slug] => regulation
            [term_group] => 0
            [term_taxonomy_id] => 1026
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 660
            [filter] => raw
        )

)

Belgium strengthens rules for crypto ads

21/03/2023|16:30

Belgium’s financial regulator, the Financial Services and Markets Authority (FSMA), has toughened up the rules on promoting cryptocurrency products. Firms...