According to Odaily, a recent survey conducted by VanEck's Head of Digital Asset Research, Matthew Sigel, sheds light on the factors influencing potential investors' decisions to increase their Bitcoin holdings. The survey results, shared on the social media platform X, indicate that 49% of respondents are waiting for a price drop before investing in Bitcoin. Meanwhile, 46% are looking for new regulatory developments, and 24% are interested in the possibility of a U.S. strategic Bitcoin reserve. Notably, 9% of respondents cannot envision purchasing Bitcoin at all. Respondents were allowed to select multiple options, reflecting the diverse considerations impacting investment strategies.
Bitwise Chief Investment Officer Matt Hougan responded to these findings, offering advice to those waiting for a price decline. He suggested that individuals should determine a specific price point at which they plan to buy Bitcoin and commit to that decision. Hougan noted that over the past six years, many investors have expressed intentions to purchase Bitcoin at a certain price level, only to withdraw when the price actually reaches that point. He emphasized that the best strategy might be to invest now, but if one is convinced that prices will fall, and they are fortunate enough to witness such a decline, they should not hesitate to follow through with their plan.
