22:14 - 20.06.2026

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June 20, Fineko/abc.az. David LaValle, CoinDesk’s president of indices and data, has sent a strong message to digital asset investors: do not count out Bitcoin despite the ongoing market correction. He compared Bitcoin's disruptive nature to the evolution of the smartphone, which phased out legacy devices.

According to ABC.AZ via CNBC, the commentary arrives during a significant "crypto winter," with Bitcoin hovering in the $63,000 range. This marks a roughly 50% drawdown from its all-time high of $126,279 reached on October 6, 2025.

LaValle emphasized that, unlike past downturns, the current sentiment is centered around "when to get back in" rather than questioning whether the asset has a future. Supporting this outlook, Todd Rosenbluth, head of research at TMX VettaFi, pointed out that investors in major spot ETFs, including BlackRock's iShares Bitcoin Trust (IBIT), are largely holding through the initial downdraft, viewing the pullback as a solid buying opportunity.