Steve Kurz, Galaxy Digital's global head of asset management, outlines a transformative vision for cryptocurrency in the firm's 2026 investment outlook, "The Great Convergence." Kurz emphasizes the integration of crypto into traditional financial infrastructure, describing it as a significant evolution in global financial services. He notes that while crypto prices have recently declined, the underlying infrastructure and business activity remain robust, suggesting a healthy market correction rather than a systemic breakdown. Kurz highlights the growing maturity of the crypto ecosystem, with advancements in custody, compliance, and integration with traditional finance. He predicts a period of consolidation followed by growth, driven by the fusion of crypto as both an asset class and a technology stack. Galaxy Digital is positioning itself to capitalize on this convergence, expanding its offerings in asset management and infrastructure services, and focusing on long-term structural shifts rather than short-term market fluctuations.