High net-worth investors exhibit a strikingly bullish outlook on Bitcoin, contrasting with the cautious sentiments of day traders. David Siemer, CEO of Wave Digital Assets, notes that despite recent declines in Bitcoin's price, moving around $90,000-$95,000—down over 10% from its recent high—long-term investors remain optimistic, believing that the bull cycle is far from over. Siemer highlights that financial institutions worldwide are increasingly competitive in offering crypto products, hinting that some countries may establish strategic Bitcoin reserves. This situation marks an unprecedented divide in sentiments, with traders feeling nervous and hedged while long-term holders are poised for significant price increases, potentially up to $200,000 per Bitcoin. Siemer's observations reflect broader trends in the crypto market, showing that institutional interest and demand for Bitcoin continue to grow despite short-term volatility.

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