Kraken’s Dave Ripley: “That Was the Bear Market” and Bitcoin Is “On Our Way Out of It”

Kraken’s Dave Ripley explains why Bitcoin’s rebound past $80K hints the bear market is over, marking the softest macro pullback in the asset’s history.

Is the Bitcoin bear market already over? Kraken co-CEO Dave Ripley says the move back above $80K makes him think “that was the bear market,” and that it may be the softest bear market in Bitcoin’s history. He explains how retail and institutional customers are approaching Bitcoin right now on the Bitcoin Magazine Podcast with Spencer Nichols.

Host: Spencer Nichols — Bitcoin Magazine Dave Ripley — Kracken Co-CEO

Chapters: 00:00 Softest Bear Market in Bitcoin History 01:27 Why This Cycle Doesn’t Feel Like a Bear 03:02 When Banks Said Blockchain Not Bitcoin 05:14 Stablecoins Prove Permissionless Works 06:56 Why Kraken Acquired a European Bank 09:46 Diversifying Revenue Ahead of an IPO 12:36 xStocks Lead Tokenized Equities 16:54 Bitcoin as Digital Gold for Institutions 19:00 Stablecoins Open the Door for Bitcoin Payments 20:09 AI Agents and Crypto Payments 23:41 How AI Is Changing How Kraken Operates 26:47 Prop Trading, Pay Services, and What’s Ahead

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