Galaxy’s Steve Kurz sees ‘great convergence’ driving crypto’s long-term outlook

CoinDesk

by Will Canny

February 14, 2026

AI-Generated Deep Dive Summary

Steve Kurz, Global Head of Asset Management at Galaxy Digital, highlights a "Great Convergence" driving crypto's long-term growth as it integrates with traditional financial systems. This convergence positions crypto not just as an asset class but as a critical component of global financial infrastructure. According to Kurz, the transformation is reshaping how traditional finance interacts with digital assets, creating a more interconnected and robust ecosystem. The current market environment reflects overlapping cycles, including a significant selloff driven by liquidity and leverage adjustments. While crypto token prices have declined, Kurz views this as a healthy deleveraging process rather than a systemic breakdown. Unlike past corrections, today's market pullback is supported by stronger risk management frameworks and more sophisticated instruments, suggesting long-term resilience. Kurz emphasizes that crypto's integration into traditional finance mechanisms—such as custody solutions, compliance frameworks, and payment systems—is evidence of its maturation. This fusion places crypto on a larger financial dashboard, competing with established assets like gold while attracting institutional capital. Despite challenges, this evolution underscores crypto's potential to become an integral part of global financial services. The long-term outlook remains bullish due to infrastructure growth and increasing institutional adoption. While short-term volatility may persist, the foundational advancements in crypto plumbing—such as stablecoins and tokenization—are key to building sustainable value. Kurz's thesis suggests that crypto's future lies not just in price appreciation but in its role as a transformative financial technology. For readers interested in crypto, this convergence underscores the asset class's growing

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Originally published on CoinDesk on 2/14/2026