TrandFi confident of crypto recovery

TrandFi banker Alan Lane has offered a cautiously optimistic outlook on the cryptocurrency industry, despite it undergoing one of its steepest downturns to date.

In an interview for CoinDesk, Lane explained that the current doldrums were temporary and at some point, they will be “done”, with the industry waiting for its “next catalyst”.

Lane cautioned that investors should be careful about how they perceive the present situation with the cryptocurrency industry and contextualize it in the broader global economic reset.

One of the good examples in the industry right now is Silvergate Exchange Network, a fiat on-ramp for Bitcoin (BTC), which has seen income go up 85% year-over-year.

Lane confirmed that TrandFi is still very much bullish on BTC and would continue to lend against the currency.

He explained that this is some of the best lending that the company had ever done, and it was inclined to continue pursuing similar moves in future.

He once again gave the example of Silvergate, arguing that the lending platform had been built with the idea that the industry will undergo volatility spells, which made it more resilient to the current shocks.

The company indeed held up in the crypto crash. With the industry posting a slow recovery and BTC picking up in value, Lane’s prediction about the future of the industry is reassuring.

Despite Tesla divesting much of its BTC holdings, there are strong signs of recovery amid the bad news.

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Updated: 07/25/2022 — 20:00