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

Dan Morehead, CEO of a large cryptocurrency hedge fund Pantera Capital, notes that the decline in cryptocurrency rates and the panic in the market that is currently taking place make it possible to buy Bitcoin. 

Peter Brandt, an analyst and experienced trader, said that Ripple's XRP cryptocurrency is a fraudulent scam, with the price of coins being constantly manipulated.

Binance CEO Changpeng Zhao commented on the messages of his subscribers who make fun of him because of inaccurate forecasts of the Bitcoin rate.

As Circle CEO Jeremy Allaire said, the cryptocurrency industry is almost ready to change the underlying truths of civil society.

Allaire stressed that the main problem lies in the trust between people and technology, including the blockchain technology. At the same time, a simple principle operates in the cryptocurrency community: "we believe in cryptocurrencies".

The head of the Coinbase cryptocurrency exchange, Brian Armstrong, believes that in order to take digital assets, it is necessary to reduce volatility, as well as to improve the scalability and use of coins.

Tom Lee, co-founder of the US research company Fundstrat Global Advisors, expressed the opinion that the price of Bitcoin should be at around $14,000.

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

Michael Novogratz, a well-known cryptocurrency enthusiast and founder of the Galaxy Digital investment bank, believes that large institutional investors will start investing in the cryptocurrency industry next year.