Investment bank Architect Partners: The crypto industry will usher in an important growth phase and perform better than the Internet

Investment bank Architect Partners said in a recent quarterly report that the digital asset industry is beginning a major growth phase and is in a much better position than it was two years ago. It said the value of the crypto industry climbed by more than $750 billion in the first half of the year. Growth was driven by the surge in the value of cryptocurrencies (over $700 billion), the successful launch of spot Bitcoin ETFs in the United States, which attracted more than $15 billion in inflows, and the appreciation of publicly traded crypto companies, which added another $11 billion. The report said that both cryptocurrencies and the Internet are disruptive technologies that have very similar characteristics, and pointed out that the cryptocurrency market has recovered from the bear market much faster than the Internet recovered after the burst of the Internet bubble in 2000. The report pointed out that trading activity is also increasing, with the second quarter reporting a record high of $2.7 billion in transactions, exceeding the total of the previous eight quarters. Architect said that with the end of the bear market, confidence and momentum in the crypto market have been restored, and "professionalism, risk management, ethical behavior and "doing the right thing" have finally become the fundamental principles of cryptocurrencies." (CoinDesk)