A crypto chief explains why investors need to ignore short-term price drops in bitcoin – and says innovation will always be way ahead of regulation

A crypto chief explains why investors need to ignore short-term price drops in bitcoin – and says innovation will always be way ahead of regulation

Crypto investors shouldn't be too focused on short-term swings because prices will become less volatile as adoption expands, according to Ivan Soto-Wright, co-founder and CEO of . "Bitcoin is one of the best performing asset classes if you look at the last five years," he told Insider in an interview. "So when you take the long-term horizon, you don't look day-to-day or month-to-month." has rebounded to trade near $40,000 after three consecutive months of losses that were driven by a host of worldwide crackdowns on crypto trading and mining. Experts across the digital asset space called the largest sovereign assault on the asset class since its inception, a from Galaxy Digital showed. It's gained 34% in value so far this year, and is 107% higher in the last 12 months. Soto-Wright, who launched MoonPay in March 2019, got excited about cryptocurrencies after his friend wrote a thesis on bitcoin during college, making him see the potential of financial inclusion for both the banked and the un-banked. MoonPay, which builds payments infrastructure for cryptocurrencies, is now live in 160 countries with over 250 partners including and NFT marketplace . He said it's only expected for regulators to take their time in