Bitwise CIO: ”This crash is an opportunity to buy Bitcoin at a low price”

The previous day, the entire virtual currency market, including Bitcoin, had fallen sharply, and the opinion was raised that this crash is an opportunity to buy Bitcoin, reported South Korean media NEWS1.
Matt Hogan, Bitwise Chief Investment Officer, said via X (formerly Twitter) that "In my personal opinion, the market sell-off that began this weekend is another buying opportunity."
"What I've felt after managing funds in the industry for over six years is that crashes like this bring with them opportunities," he said, citing the COVID-19 crash that occurred on March 12, 2020 as an example.
The crash at that time was the "best buying opportunity." The reason for this is that "COVID-19 has not changed Bitcoin's fundamentals," and "there is still no Bitcoin in circulation."
The total amount of coins issued is fixed at 21 million, and it remains the same as before in that it does not need to depend on banks or the government."
He also emphasized that the current situation is similar to that of March 2020. "The Federal Reserve is currently
"The calls for interest rate cuts are similar to those seen during the COVID-19 pandemic," he said, explaining that "similar scenarios were repeated during the 2010 eurozone crisis and the 2008 financial crisis."
It was revealed.