$BTC BITCOIN'S FUTURE AS REVOLUTIONARY AS THE SMARTPHONE:
“When I got my first smartphone, which is a great example of a disruptive technology that has been incorporated into my life, I didn’t get the smartphone and say, ‘This thing is garbage because I can’t get a taxi in front of my home whenever I want it.’ I was very excited that I didn’t have to carry an MP3 player and my cellphone at the same time,”
LaValle’s call comes during a rough time for bitcoin.The cryptocurrency is off almost 2% over the shortened holiday week. Plus, bitcoin is down almost 50% since its all-time high of $126,279 hit on Oct. 6, 2025, as of Thursday’s close.
Bitcoin $BTC crossed over the key level of $65,000 on Monday, but by Thursday it dipped back into the $63,000 range.
“As it pertains to the future of the digital asset, a lot has transpired, and there have been downdrafts over the past eight years,” he said. “Unlike previous crypto winters, this is like, ‘Hey, when do I get back in as opposed to whether or not there’s a future.’ We look at this as a point of credibility.”
The iShares #Bitcoin Trust ETF (IBIT) “actually just crossed into the net outflows, despite $BTC bitcoin itself having been down for much of the year,” Rosenbluth said in the same interview. “So, people were still holding on, and in fact buying IBIT through the initial downdraft. That’s encouraging to me that people were holding on.”
He pointed to a VettaFi survey of 104 financial advisors in early May. According to Rosenbluth, it revealed where the firm’s clients stand on digital assets. It showed almost half of them were watching the stock from the sidelines while just 22% were actively investing or building.