According to BlockBeats, Architect Partners, an investment bank, stated in its quarterly report released on July 3rd that the digital asset industry is entering a crucial growth phase, which is much better than two years ago.
The bank reported that the value of the digital currency industry increased by over $750 billion in the first half of the year. The growth drivers included a surge in the value of crypto tokens by over $700 billion, the successful launch of the US Bitcoin spot ETF attracting over $15 billion, and the added value of publicly listed cryptocurrency companies adding an extra $11 billion.
The report pointed out that both cryptocurrency and the internet are disruptive technologies with very similar characteristics. It also mentioned that the digital currency market is recovering faster in the 'crypto winter' than the internet did after the internet bubble burst in 2000.
