Crypto Industry Report from Investment Bank Architect Partners: ”Outperforming the Internet!”

Investment Bank Architect Partners The digital asset industry is set for a significant growth phase, with a valuation of over $750 billion in the first half of 2024, according to its latest quarterly report.

Crypto Industry Outperforms Internet Growth

The report highlights the sector’s strong recovery and promising outlook compared to where it was two years ago.

The significant increase in value was primarily due to:

The rise in value of crypto tokens, which have collectively increased by more than $700 billion.

Successful launch of spot Bitcoin (BTC) exchange-traded funds (ETFs) in the US, attracting over $15 billion in investments.

Publicly traded crypto companies are gaining in value, contributing an additional $11 billion to the total value of the sector.

Architect Partners drew parallels between the growth trajectories of the digital asset industry and the early internet era, noting that both are disruptive technologies with similar characteristics.

Remarkably, the cryptocurrency market is recovering from the recent “crypto winter” much faster than the internet did after the dot-com bubble burst in 2000.

“Ironically, crypto has become the stepchild of the internet,” the report said. However, the cryptocurrency market is currently outperforming its predecessor, “exceeding the value of the internet over the same portion of their lifecycle.”

The report also highlighted the increase in deal activity in the digital asset sector. The announced deal value in the second quarter of 2024 reached a record high of $2.7 billion, exceeding the total value of the previous eight quarters. This increase in deal activity underscores the growing confidence and momentum in the market.

Architect Partners emphasized that the maturation of the crypto industry is reflected in an increasing focus on professionalism, risk management, ethical behavior, and adherence to best practices.

The report noted that these core principles have become an integral part of the industry’s operations, signaling that the turbulent period of crypto winter is being moved beyond.

*This is not investment advice.