# Wall Street Downplays Binance Hack as Bitwise Sees “Recovery In a Week”

- Source: Bitcoin News
- Published: 2026-10-31T10:30:32+00:00
- Category: Markets
- Original: https://news.bitcoin.com/featured/wall-street-binance-hack-buy-dip-bitwise-hougan/
- Canonical: https://groundlevelnews.com/story/wall-street-downplays-binance-hack-as-bitwise-sees-recovery-in-a-week-ee83bf/

Wall Street analysts are telling clients to buy the dip after the $6.3 billion Binance hack, and Bitwise CIO Matt Hougan expects bitcoin’s price to recover fairly soon. Hougan Calls the Hack a Mere ‘Blip’ Hougan, chief investment officer at crypto asset manager Bitwise, played down the damage, stating: This hack has not changed anything […]

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