On Friday, June 5, Bitcoin fell below $60,000 for the first time since October 2024, putting the asset down roughly 50% from its peak. While Bitcoin has rebounded to over $63,000 as of Monday, June 8, it’s clear that crypto investors have missed out on the gains the market has seen so far this year. However, John D’Agostino, Head of Institutional Strategy at Coinbase, told CNBC on June 8 that both retail and institutional investors are treating crypto as a long-duration asset to buy and hold, signaling confidence in the asset.

Coinbase (NASDAQ:COIN | COIN Price Prediction) trades at $161.49 after a 32.61% year-to-date drawdown, and spot bitcoin proxy Fidelity Wise Origin Bitcoin…