Crypto CEOs are also bullish on the value of Bitcoin.

Cryptocurrency traders had their toughest quarter. Despite the recent comeback, concerns about over-regulation, China's impact on the economy, and environmental concerns have led to negative sentiment in the economy. However, insiders say that while market sentiment is not positive, the average outlook for the cryptocurrency market is positive.

Most of CoinDesk 20's assets, which represent around 99% of the cryptocurrency securities market, ended the second quarter with a negative return. The Bitcoin CoinDesk (XBX) price index fell 40.4%, marking its third consecutive quarterly performance since the indicator showed. In exchange, the CoinDesk Ether Price Index (ETX) rose 18.7% in the quarter. Bitcoin was trading around $ 40,500 at press time, recovering some of its lost ground, but the level of optimism was lower than at the start of the second quarter.

But there is good news to be expected. CoinDesk polled many insiders and asked them what they thought about the future of the crypto industry.

Here is what they say:

Ryan Moore, CEO of Bitcoin Banking Apps Brand: What we are starting to see is an impossible and necessary meeting of international executives and industry professionals. This situation is only continuing thanks to the interest of strong growth investors. Employees need to be held accountable, protect customers first, and we can do it.

Yes, the price of Bitcoin has fluctuated, but I don't think there is a crisis for Bitcoin yet. Bitcoin has proven to be a valuable stock market that only millennials and Gen Z traders can consolidate. Scarcity, durability, and security mean that it is profitable and sustainable regardless of the fiat or cryptocurrency model. A few years ago, Bitcoin was compared to the Internet in the early 90s. The difference still exists: the Internet has become everything, and so has Bitcoin.

Involvement in management does not prevent innovation or disruption. In fact, it will allow the business to grow. Security and transparency have been further enhanced by customer confidence on the part of businesses and investors. We are seeing more and more investors looking for this guarantee. Finally, the additional research we've seen in recent months is good for cryptocurrencies.

Richard Byworth is the CEO of crypto financial services company EQONEX.: We were happy last year. China's impact on miners has had a major impact on the value of Bitcoin as miners move around and hashing power decreases, but in the long run this is good news and will make Bitcoin better. attractive. We also predict that Bitcoin will hit around hundreds of dollars by 2022 at the height of its current cycle.

The current management of the company will lead to the development of long-term processes with the management of actors like us to bring light to organizations. The approach for the final year will focus on the introduction of derivatives, the importance of schools in general to minimize changes and the use of additional derivatives.

Steve Ehrlich, CEO of digital real estate broker Voyager Digital, said:After a very tight market period, we believe Bitcoin and cryptocurrencies will end the year with significant gains. My estimate is that Bitcoin will hit $ 100,000 by December 31, 2021. The use of cryptocurrency will continue to accelerate this year.

Peter Wall, CEO of Argo Blockchain, a bitcoin mining company, said:I am not worried about the short term value of Bitcoin. As a company, we think in terms of the long term, in quarters or years, not in days or in weeks. Looking at trends over the past 6 to 12 months, especially 5 to 10 years ago, the digital heritage ecosystem has clearly emerged in one direction. We believe that the digital heritage ecosystem is still in its infancy and that actors will always influence the future of finance and finance. Over the past 6 to 12 months, big companies have established themselves in the cryptocurrency space and have seen companies like MicroStrategy, PayPal, and Tesla do just that, but there will be more in the future.

It's easy to forget that big engines are like carriers, and changing direction can take a lot of time and effort. We believe that these changes are underway and that the full impact of these changes will be felt by the industry in the months and years to come.

Frank Schil, CEO of the Safeello cryptocurrency exchange, said:China's demolition of mining has been driven by cost, and the road is bright. It opens the door to prosperity in other areas. Miners will move to a more controlled environment for cryptocurrencies, reducing competition from China's significant history. In Europe, at least, things are better than ever. The introduction of MiCA will allow crypto companies to register with their passports, increasing competitiveness and speed of adoption. [Editor's Note: MiCA is a policy claimed by the European Commission on cryptocurrency activities. ]