Recovery of Digital Asset Market Depends on Actions of US Federal Reserve, Says Galaxy Digital CEO

Digital Assets: The Future 12th Sector of the Economy in the S&P 500 Index

Bloomberg Senior Commodities Strategist Mike McGlone said that the bull market for Bitcoin is not over and BTC could reach $ 70,000 in the near future. 

Kevin O'Leary, an American entrepreneur and star of the Shark Tank show, said that cryptocurrencies now account for 10% of his investment portfolio. 

The CEO of Apple Tim Cook said that his investment portfolio contains cryptocurrencies but did not disclose which coins he owns. During the New York Times' Dealbook conference, Cook noted that although he personally owns cryptocurrencies, Apple has no concrete plans to support digital assets yet. 

According to the famous entrepreneur Elon Musk, despite the decrease in the general hype around a new class of digital assets, cryptocurrency fraud on Twitter has reached a new level.

Coinbase Co-founder and CEO Brian Armstrong published a post in which he predicted the development of the cryptocurrency industry for the next ten years.

Speaking at a cryptocurrency summit hosted by Solidus Labs in New York, SEC Commissioner Hester Peirce expressed confidence that digital assets will continue to grow.

Changpeng Zhao, the head of one of the largest cryptocurrency exchanges BINANCE, expressed the opinion that cryptocurrencies will become a shared future and urged everyone to accept digital assets.

The head of Coinbase Exchange, Brian Armstrong, said that the Coinbase Custody service is popular and holds more than $500 million in digital assets.