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Cryptocurrency Industry Entering Major Growth Phase, Adds $750 Billion in Value in H1: Architect Partners Report

Cryptocurrency Industry Entering Major Growth Phase, Adds $750 Billion in Value in H1: Architect Partners Report

CointimeCointime2024/07/03 09:37
By:Cointime

According to a quarterly report by investment bank Architect Partners, the digital asset industry is entering a major growth phase and has added over $750 billion in value in the first half of the year. The growth was driven by the surge in the value of crypto tokens, successful launch of spot bitcoin exchange-traded funds in the US, and appreciation of publicly listed crypto companies. The report notes that crypto, which was once the stepchild of the internet, is now outperforming its predecessor and exceeds the internet's value at the same point in their respective life cycles. Confidence and momentum are back in the market, with professionalism, risk management, ethical behavior, and doing it right becoming the foundational principles of crypto.

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