Giant Investment Bank: Cryptocurrencies are on the Brink of Explosion, Their Speed ​​is Surprising!

According to Architect Partners, while cryptocurrencies are preparing for a big explosion, they are leaving behind the performance of the internet at that time.

In its quarterly report published last week, investment bank Architect Partners stated that the cryptocurrency industry has entered a big boom phase. It was also said that the sector experienced a value increase of more than 750 billion dollars in the first half of the year.

According to the information in the report, the $750 billion increase in the total value of the cryptocurrency market was due to the launch of spot Bitcoin ETFs in the USA and these funds receiving investments of over $15 billion.

The report highlighted that the cryptocurrency market has recovered from the bear market surprisingly much faster than the internet recovered after the dot-com bubble burst in 2000. This report also states that cryptocurrencies and the internet have similar technologies.

Architect used the following statements in the report:

Ironically, crypto was the stepchild of the internet but now outperforms its predecessor. It exceeds the value of the internet in the same part of their cycle. Transaction activity is also increasing, with transaction value announced in the second quarter reaching a record $2.7 billion, exceeding the total value of the previous eight quarters.

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