Zinger Key Points
- Speakers highlight strong industry participation, noting that meaningful connections were being made despite ongoing market uncertainty.
- They describe the event as successful for networking, emphasizing optimism despite the market downturn.
- Get Wall Street's Hottest Chart Every Morning
The violent crypto dip in the early Monday morning hours has done little to rattle optimism in the industry, which remains focused on the long-term potential of the technology rather than short-term price fluctuations.
What Happened: Speaking with Benzinga at the Digital Asset Summit in London, several speakers and attendees appeared relatively unfazed by what had unfolded earlier in the day.
Roy Meyer, CEO of Vixichain, stated that the mood was “truly electric,” noting that the event brought together “bankers, VCs, hedge funds, layer ones, exchanges and et cetera,” all the relevant parties.
He believes that this makes it a productive event, emphasizing the connections being made. While acknowledging that markets can be low, he emphasized, “But in the long run, we are there.”
Alona Stein, Co-CEO of ReBlonde, a communications firm, echoed this sentiment, stating, “I think the mood here is extremely positive because people here understand that this isn’t about what’s happening in the market right now.”
Stein added that attendees "understand we’re going to a marathon" and that there is a bright future ahead for mass adoption due to the current regulatory shifts taking place.
She emphasized that attendees “are more veteran and have seen one or two things in their life and they know that we’re here for the long term.”
While acknowledging that many are appreciating the focus crypto is now receiving from government, Stein stated, “it’s less about faith, it’s more about just the fact that it’s in the middle of the conversation,” noting that it has become a “top priority.”
Also Read: EXCLUSIVE: Anthony Scaramucci Warns Donald Trump’s Crypto Promises May Be A ‘Mirage’
Why It Matters: Cryptocurrency markets suffered a steep sell-off on Monday, with Bitcoin BTC/USD dropping 7% intraday and Ether ETH/USD plummeting to a low of $2,200, as concerns over a potential global trade war triggered a sharp decline in risk assets.
Altcoins were hit even harder, with Ripple‘s XRP/USD, Dogecoin DOGE/USD, and Cardano's ADA/USD briefly plunged more than 25%, erasing all gains since December and returning to pre-U.S. election levels.
Data shows that most major cryptocurrencies have declined between 40-50% over the past month, marking one of the most severe corrections in recent years.
Vencislav Kostov, CFO of NEBA TOKEN, while noting that the event was “overcrowded”, also highlighted that the "people are happy," and that the "general opinion is good."
He emphasized that the event provides networking opportunities, stating "every one person could make a partnership," which he seemed to see as a key opportunity of the forum.
When asked about Trump, he stated "I think that Trump in his mandate will deeply support the crypto business…especially his personal crypto coin and the crypto coin of his wife, of course.”
“The crypto market will be supported from the US and especially Trump," he added. at least from an investing point of view.
While some acknowledged the market downturn, the long-term upside remains the industry’s north star.
Read Next:
Image: Shutterstock
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
