![]() Paypal and its subsidiary Venmo both enabled crypto trading on their platforms last year. Large financial gatekeepers are making it easier for consumers to transact in cryptocurrencies. In addition, Square and MicroStrategy somewhat shocked the business world by placing portions of their cash reserves in bitcoin. MassMutual made headlines by putting $100M of their funds into BTC. The insurer invested $100 million into bitcoin in 2020. Until then, companies like MassMutual are helping to ease the transition. While this amount is still peanuts compared to the overall asset management industry, future regulatory clarity could help in bolstering this number. In addition, the Grayscale Bitcoin Trust (the only way for many institutions to obtain bitcoin exposure) saw assets increase by 900% in 2020. This is compared to just over $2 billion at the end of 2019 ( a 5x increase). Nowhere has this become more apparent than the asset management industry.īy the end of 2020, $15 billion of institutional assets under management had been allocated to the crypto asset class.Īfter years of hand wringing, large scale funds are going all-in with crypto. Today, many institutions are actively allocating capital to this area. Institutional Adoption of the Crypto Ecosystemįinancial institutions and large corporations have traditionally viewed the cryptocurrency ecosystem with skepticism. In this new report we'll share the biggest trends in the crypto space happening right now (in 2022).Īnd those that are likely to continue through 2025 and beyond. ![]() The total market capitalization of all cryptocurrencies now exceeds $1.2 trillion.Īnd it’s estimated that there are over 300 million crypto users worldwide. The cryptocurrency world took off last year.
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