Bitcoin (BTC-USD) experienced a sharp drop from its top of all time in January 2025, but has since rebounded above $ 84,000.
In Bitcoin Investor Week in Manhattan, the founder and CEO of Figure Markets, Mike Cagney, shares his point of view on the current market fluctuations in the cryptocurrency with the editor of Yahoo Finance Brian Sozzi.
Cagney stresses that the recent drop in Bitcoin prices is part of the normal volatility of the market. “I do not put too much stocks in terms of what happened. It’s just the typical Bitcoin volatility,” said Cagney, adding that the Crypto markets improve despite the short -term setbacks.
When you discuss the future of the industry, the co-founder and former CEO of Sofi (SOFI) highlights the growing involvement of traditional finances in blockchain technology: “Listen, I think we are at a particular tipping point where we will see a lot of tradfi enter the blockchain finally.”
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“I think that with a lot of regulatory clarity that will pass this year, you will see many traditional participants, especially in the banking and financial services sector, are seriously entering blockchain, and it is favorable to the whole of the ecosystem,” explains Cagney.
In addition, Cagney notes the long -term potential for the incorporation of the blockchain, predicting that in “The next four years, you will see a real innovation. Actual transformation ”, and says that the current market is fundamentally different from past crypto winters.
Also catch Yahoo Finance Dirise in chief Brian Sozzi Sit up with a founder and CEO of professional capital management Anthony Poseliano at Bitcoin Investor Week To discuss the volatile nature of digital assets.
To look at more information and more expert analysis on the last action on the market, see more wealth here.
This message was written by Josh Lynch
