Crypto faces 3 barriers to next bull run, STS Digital CEO says
STS Digital CEO Joe Seiler identifies institutional adoption, competition from AI, and regulatory delays as the three primary barriers to a new crypto bull market. He notes that while blockchain is being integrated into traditional finance, it is not necessarily benefiting individual token holders.
Why it matters
It provides an institutional perspective on why the crypto market is struggling despite increased adoption of underlying blockchain technology.
Bitcoin BTC $ 63,836.02 , the largest cryptocurrency, has struggled in recent months despite record institutional adoption of blockchain, dropping more than 25% this year. Seiler argued that markets have yet to fully price in the rapid integration of the technology across traditional finance.
"The last four years have seen record institutional adoption of crypto and digital asset technology," Seiler said in an interview with CoinDesk. "What has changed over the past two years is that institutions are increasingly using blockchain to upgrade traditional financial markets to operate 24/7."
Banks, exchanges and brokers are working through the operational challenges of around-the-clock markets, including clearing, settlement and margining, he said. Companies such as Kraken and Coinbase (COIN) are accelerating that transition as they expand beyond crypto into broader financial services .
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in