The Crypto Shift: Cryptocurrencies Enter a New Institutional Era
Cryptocurrencies are undergoing a transformative phase, shifting from a venture capital-driven ecosystem to one buoyed by institutional liquidity. The 2021 bull market, fueled largely by venture capital, has given way to a more structured environment. JPMorgan analysts note this evolution, highlighting the collapse of key players like Celsius in 2022 as a turning point.
Recent ETF launches and regulatory changes following Donald Trump's election victory have further cemented this transition. Digital assets are now emerging as a mainstream macro asset class, shedding their speculative roots for institutional-grade appeal. Early-stage crypto projects, once reliant on private funding, are increasingly designed for liquid, scalable trading.