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Wall Street Dismisses Binance Hack; Bitwise Predicts Week-Long Recovery
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Wall Street analysts are advising clients to capitalize on the recent downturn, even after the $6.3 billion hack of cryptocurrency exchange Binance.
MissedBlock Desk · 1 min read
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Analysts Urge Investors to “Buy the Dip” Following Binance Hack
Wall Street analysts are advising clients to capitalize on the recent downturn, even after the $6.3 billion hack of cryptocurrency exchange Binance. Matt Hougan, Chief Investment Officer at crypto asset manager Bitwise, anticipates a swift recovery for Bitcoin’s price.
Hack Deemed a Minor “Blip”
Hougan downplayed the impact of the security breach, stating that the hack has not fundamentally altered the market landscape.