David LaValle, president of indices and data at CoinDesk, is advocating for continued faith in bitcoin, despite recent market struggles. During an appearance on CNBC’s "ETF Edge," LaValle expressed confidence in the cryptocurrency’s long-term potential, likening its disruptive influence to that of smartphone technology.
Bitcoin is currently experiencing a downturn, having declined by nearly 2% over the holiday week and almost 50% since reaching an all-time high of $126,279 on October 6, 2025. After briefly exceeding $65,000, it fell back into the low $63,000 range by Thursday’s close. Although many view this period as a "crypto winter," LaValle believes it represents a turning point for investor sentiment, suggesting that rather than losing confidence in bitcoin’s future, many are simply waiting for the right moment to re-enter the market.
Todd Rosenbluth from TMX VettaFi has noted a positive trend among bitcoin ETF investors, who are showing resilience despite the ongoing market volatility. For instance, the iShares Bitcoin Trust ETF (IBIT) has seen net inflows, signaling that many holders remain optimistic even as bitcoin struggles. A recent VettaFi survey indicated that 22% of financial advisors’ clients are actively investing in digital assets, while nearly half are monitoring the situation from a distance.
As the cryptocurrency market continues to evolve, the performance of major bitcoin ETFs, such as the iShares Bitcoin Trust ETF and Grayscale Bitcoin Trust ETF (GBTC), has been lacking, with both dropping around 40% over the past year.
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