Crypto News- Prepare for a cryptocurrency industry boom that’s outshining the internet

Crypto News- Cryptocurrencies are on the brink of a booming phase, outpacing even the internet’s growth

Crypto News– The digital asset industry is entering a significant growth phase and is in a much stronger position than it was two years ago, according to a quarterly report by investment bank Architect Partners published last week.

The report highlighted that the crypto industry’s value surged by over $750 billion in the first half of the year. This growth was propelled by a more than $700 billion increase in the value of crypto tokens, the successful introduction of spot bitcoin (BTC) exchange-traded funds (ETFs) in the U.S., which attracted over $15 billion, and the appreciation of publicly listed crypto companies, adding another $11 billion.

Comparing crypto with the internet, both disruptive technologies, the report pointed out that the cryptocurrency market is rebounding from the ‘crypto winter‘ much faster than the internet did after the dot-com bubble burst in 2000.

Interestingly, crypto was once seen as the internet’s lesser cousin, but it is now outperforming its predecessor and has surpassed the internet’s value at a similar stage of their respective life cycles, Architect stated.

The report also noted a surge in deal activity, with announced transaction values in the second quarter reaching a record high of $2.7 billion, surpassing the total value of the previous eight quarters combined. Architect emphasized that confidence and market momentum have returned, with the crypto winter now behind us, and emphasized the increasing importance of professionalism, risk management, ethical behavior, and doing things right as foundational principles in the crypto space.

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