Steve Kurz, head of asset management at Galaxy, has described the recent downturn in the cryptocurrency market as a healthy deleveraging process. Despite reduced investment and falling prices, he believes the ongoing development of crypto infrastructure and the increasing pace of institutional adoption are strengthening its long-term growth prospects. The crypto market has experienced significant volatility in recent years, with rapid price surges followed by sharp declines. Nevertheless, major financial institutions and investors are now incorporating crypto into their portfolios, boosting expectations for a stable future. Kurz refers to this as a “great combination” that will help increase crypto prices and solidify the market. Recent improvements in crypto infrastructure, such as blockchain innovations, enhanced security measures, and new financial instruments, are paving the way for industry growth. Widespread institutional acceptance and clearer regulatory frameworks worldwide are also enhancing investor confidence. While market fluctuations will remain, Kurz views the current phase as a necessary healthy correction for sustainable long-term growth. With further investment and improved infrastructure, cryptocurrency value is expected to rise, positioning it as a stable and credible asset in the financial world.
Source: coindesk
