Blockchain is at 'tipping point' as tradfi moves in: Mike Cagney
Bitcoin (BTC-USD) saw a sharp decline since its all-time high in January 2025 but has since rebounded back above $84,000. At Bitcoin Investor Week in Manhattan, Figure Markets founder and CEO Mike Cagney shares his perspective on the ongoing cryptocurrency market fluctuations with Yahoo Finance Executive Editor Brian Sozzi. Cagney emphasizes that the recent bitcoin price dip is part of normal market volatility. "I don't put too much stock in terms of what's happened. It's just typical bitcoin volatility," Cagney says, adding that the crypto market's fundamentals are improving despite short-term setbacks. When discussing the industry’s future, the SoFi (SOFI) co-founder and former CEO highlights the increasing involvement of traditional finance in blockchain technology: "Look, I think we're at a tipping point in particular where we're going to see a lot of TradFi move into blockchain finally." Also catch Yahoo Finance's full interview with SEC Commissioner Hester Peirce. "I think with a lot of regulatory clarity that's going to come through this year, you're going to see a lot of traditional entrants, especially within the bank and financial services sector, come into blockchain in a serious way, and it's supportive for the whole ecosystem," Cagney explains. Additionally, Cagney notes the long-term potential of blockchain incorporation, predicting that in “the next four years, you're going to see real innovation. Real transformation,” and asserts that the current market is fundamentally different from past crypto winters. Also catch Yahoo Finance Executive Editor Brian Sozzi sit down with Professional Capital Management founder and CEO Anthony Pompliano at Bitcoin Investor Week to discuss the digital asset's volatile nature. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Josh Lynch
