Bitwise exec: BTC's floor is rising, current dip a 'gift' for some institutions

Juan Leon, a senior investment strategist at Bitwise, said in an interview with The Block that Bitcoin's floor is rising despite macroeconomic headwinds, the craze around artificial intelligence (AI), and delays in passing U.S. crypto legislation. He added that some institutional investors view the current downturn as a gift, while others are waiting for regulatory clarity.