Thriving in tough markets! Bullish crypto exchange CEO Tom Farley shared in an interview last night that despite the recent shakeout in the market, where Bitcoin dropped sharply from $80K to around $60K, as the sixth-largest institutional holder globally, they are resolute in not selling the 25,000 BTC on their balance sheet. Facing the current wave of macro panic, their conviction in holding a multi-billion-dollar position is truly impressive. As a heavyweight in traditional finance, Farley recalled how 12 years ago, when the New York Stock Exchange invested $10 million in the then-unknown Coinbase, he had already started publicly discussing digital assets. He admitted that he couldn’t predict Bitcoin’s short-term movements back then, and still can’t now, but looking at the long-term trajectory, its price chart is undoubtedly on a steady climb to the top right corner. He firmly believes Bitcoin is a great asset that has stood the test of time and is an excellent tool for diversifying portfolio risk. While market attention has waned somewhat with the recent price pullback, he emphasized that holding onto these 25,000 BTC isn’t just a numbers game—it’s a vote of confidence in the underlying technology. In his view, the real tidal wave in the coming years will be the global securities market gradually migrating and operating on blockchain infrastructure.