BNY Mellon Says Cryptocurrency is Here to Stay, Despite Market Volatility

US banking giant BNY Mellon says cryptocurrency is here to stay, signaling continued institutional confidence in digital assets. Despite market fluctuations, including the anticipated cryptocurrency market fall in 2025, BNY Mellon remains committed to its digital asset strategy.

Michael Demissie, the head of digital assets at Bank of New York Mellon (NYSE: BK) (BNY Mellon), is a key figure in this assertion. He's adamant that the cryptocurrency market crash in 2025 won’t waver BNY Mellon's long-term vision for digital asset integration. His leadership underscores the bank's belief in the enduring power of cryptocurrency.

Speaking at a conference this week, the head of digital asset banking at BNY Mellon, Michael Demissie, says cryptocurrency is “here to stay,” based on investor interest. This perspective is driven by significant client demand and a growing acceptance of digital assets within the financial landscape.

Institutional interest in cryptocurrencies is here to stay, despite the market decline in 2025, says Michael Demissie, head of digital assets at Bank of New York Mellon (BNY Mellon). BNY Mellon's ongoing investment in infrastructure and services for digital assets further solidifies this commitment.

According to Reuters, BNY Mellon’s head of advanced solutions Michael Demissie says that the study conducted in October 2025 indicates that digital assets are here to stay. This research highlights the evolving role of digital assets and their increasing integration into traditional financial systems. The US banking leader is actively shaping the future of digital asset management.