The CEO of a $500 million crypto asset manager shares his bear market tips from surviving multiple 70% crashes

• A crypto asset management firm that launched in the crypto winter of 2018 now oversees over $500M.
• The CEO shares his tips for navigating bear markets after experiencing multiple 70% market crashes.
• He also shares how his rich clients positioned amid the recent flash crash and why he’s bullish.

When bitcoin’s price drops almost 30% in one day, that’s when David Siemer, the CEO of Wave Financial, starts to get phone calls.

Last Wednesday, the calls started coming in as early as 5:30 a.m.

Siemer, who is based in California, kept his cool as he’s seen this all before, having been in crypto since 2010.