Even a 35% drop in the price of Bitcoin (BTC) from its all-time high of $126,000 on October 6, 2025 would not have dampened the enthusiasm of large investors. Nuri Chan, product director at digital asset custodian BitGo, said he has noticed “an outpouring of optimism and ambition from many business teams” towards Bitcoin.
He said this in a speech at BitGo’s High Roller Summit in Las Vegas on May 11, 2026. Described a scenario where companies ignore price fluctuations of digital currencies And they continue to accumulate BTC with the long-term in mind.
The chart below shows how the price of Bitcoin has progressed over the past 12 months. It is clear that Bitcoin is not at its best here (as far as price is concerned).
Despite this scenario of falling prices, the manager emphasized the maturity the industry has achieved. “Despite the fall from highs, the rigor and pace of institutional implementation and the industry as a whole is better than ever,” he said.
The BitGo representative’s analysis was based on several factors. The executive explained in detail, “The first is the flow of Bitcoin exchange-traded funds (ETFs) in the United States.” Regarding the scale of these financial products, Chan said, “There is 1.3 million BTC in these products, which is about 6% of the circulating supply of products that did not exist a few years ago.”
Data from the BitcoinTreasuries platform is even more optimistic, showing Bitcoin holdings in ETFs not only in the US but around the world. According to the records, 1.63 million Bitcoins are stored in these financial instruments.
This phenomenon causes the following serious problems: Circulating currency moves from exchange to investment vehicle It is regulated and long-term.
According to Nuri Chan, “This alone is absolute proof of the work of the people building these fundamental financial products.”
Traditional finance joins Bitcoin crowd
Mr. Chan emphasized that the participation of traditional finance is no longer a promise, but a reality. According to his vision, “The second thing I would like to emphasize is that traditional finance is definitely here to stay with Bitcoin and cryptocurrencies.”
This integration manifests itself as follows: The largest securities company in the United States launches crypto asset servicesLike Charles Schwab, we gave early access to Schwab Crypto on May 13th, allowing clients to operate with Bitcoin and Ether (ETH).
Chan emphasized that this move is being followed by Morgan Stanley Bank, which is “adopting and building out crypto trading directly within its applications.”
As reported by CriptoNoticias, Morgan Stanley, one of the largest financial institutions in the US, just launched its own Bitcoin ETF a month ago.
The executive argued that financial institutions are “developing full products, not just pilots. That’s a noticeable difference compared to a few years ago.”
For Mr. Chan, The simple proof-of-concept stage is over. Support permanent banking infrastructure.
New legal horizons in the Senate
US regulations took decisive steps to eliminate the legal uncertainties that were holding back big capital. Mr. Chang mentioned the GENIUS Act, a framework for stablecoin management. Similarly, on May 14, the US Senate Banking Committee approved the Digital Asset Market Transparency Act.
Regarding the legislative progress, the administrator acknowledged that: Technological implementation is the next big challenge for authorities. The law “has a more difficult task because it has to define what is a security and what is not, and the jurisdiction between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). Of course, the missing piece is enforcement,” he explained.
About the future of Bitcoin and the virtual currency industry
At the same discussion table, Igor Istratov, an executive at the financial institution Fifth Third Bank, explained what, in his opinion, the future access to the digital asset market will look like. “Private and institutional customers will access traditional and digital assets in parallel, through the platforms they already know,” he predicted.
Under this system, Users can trade cryptocurrencies from regular banking applications JP Morgan, Fidelity, etc. However, the technical infrastructure will remain specialized.
“Winners will be infrastructure providers that drive institutional adoption, fully comply with regulations, and provide audit, risk management and enforcement,” Istratov added.
Bitwise Chief Investment Officer Matt Hogan also agreed on the possibility of a Bitcoin ETF. “They haven’t seen anything yet. It’s only starting to accelerate,” he declared. Hogan expects continued growth. “The flow will accelerate significantly over the next three to five years,” he predicted.
According to his estimation, These products could attract up to $100 billion annually in the near future.. These interventions reflect management’s consensus that price corrections will not slow the industry’s structural progress. The combination of institutional adoption, regulated products and legal clarity fuels the ambition of those building in this space.
