According to Alan Lane, CEO of crypto-focused bank Silvergate Capital, the bear market that has hit every corner of the digital asset industry is not over yet and there may be some more trouble in the next few quarters.

Alan Lane, the company's CEO and former TradFi banker, stated in an interview that the crypto industry may still have a few problems for some exchanges and crypto funds in the next few quarters. said. However, Lane said that investors should not compare the current crypto price decline with previous ones given the overall change in the global economy, as digital assets have fallen with macro trends such as rising interest rates and inflationary pressures.

Given the crypto downturn, analysts expect a weak quarter for various crypto companies, from exchanges to miners, but Silvergate's second-quarter earnings reversed that trend. Silvergate Exchange Network (SEN), a fiat gateway for bitcoin markets, recorded a 34% year-over-year increase in US dollar transfers in the second quarter, while net income increased 85% year-over-year.

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Despite the recent collapse of several crypto-linked financial institutions, Lane remains positive about using Bitcoin for his lending program:

   "We're definitely still interested in lending for bitcoin. We believe this is the best lending we've ever done, and we want to continue to grow it."

At the time of writing, the Bitcoin (BTC) price is positioned at $22,640 according to CoinGecko data. The last 24-hour trading volume of Bitcoin (BTC) was $40.511,147,272. Bitcoin (BTC) price is up 1.4% in the last 24 hours. There is a supply of 19 Million Bitcoin (BTC) in circulation, with a total supply of 21 Million Bitcoin (BTC). Binance is currently the most active market for Bitcoin (BTC) trading.