Galaxy Digital executives: The crypto market will not see a V-shaped recovery; it will gradually rise after a period of volatility

Galaxy Digital's Global Head of Asset Management and Co-Head of Digital Assets, Steve Kurz, believes that the recent decline in cryptocurrency is due to liquidity and leverage release rather than systemic failure, indicating that the cryptocurrency cycle is more mature than in 2022, and most forced selling may have been absorbed by the market.

The development of stablecoins, tokenization, and the integration of blockchain with traditional finance is accelerating, making cryptocurrencies both a financial asset and a core part of the financial system. Steve Kurz expects that cryptocurrencies will not experience a V-shaped recovery, but will go through a period of range-bound fluctuations. Subsequently, with the injection of institutional capital and the ongoing "great integration" of cryptocurrencies with traditional finance, cryptocurrency prices will gradually rise.