Crypto's Big Shift: From Assets to Infrastructure

Crypto is changing. It's not just about digital money anymore. It's becoming a big part of how money moves around the world. Steve Kurz, a big shot at Galaxy Digital, thinks this is a huge deal. He calls it the "Great Convergence. " It's like when two rivers meet and become one. Right now, crypto prices are down. But Kurz says this isn't like the big crashes before. The system is stronger now. It can handle more and is better at managing risks. He thinks the worst of the price drops might be over. But don't expect a quick bounce back. It might take a while for prices to go up steadily.The really exciting part is how crypto is mixing with old-school finance. Banks and big money managers are starting to use crypto technology. This is a big change. It means crypto is growing up. It's not just for tech geeks anymore. It's for everyone. But there are challenges. Crypto has to compete with other investments like gold. It also has to deal with new risks, like quantum computing. Kurz says the biggest risk isn't big crashes. It's when people stop caring about crypto. That would be bad for the long-term. Galaxy Digital is right in the middle of all this. They're helping banks and other companies use crypto technology. They're also managing money for big investors. Kurz thinks this is just the beginning. He believes crypto will keep growing and becoming more important in the years to come.