Grayscale CEO Points Out the Crypto Winter is Over, Market Overlooks Long-Term Value of Digital Assets

Grayscale CEO Peter Mintzberg noted that Bitcoin surged about 20% last week, marking the strongest three-day increase of 2023 and indicating that the crypto winter is gradually thawing. He warned market observers against focusing too much on short-term price fluctuations, neglecting the long-term structural growth of digital assets. Mintzberg emphasized two core driving forces: first, institutional demand continues to expand, with an expected average daily inflow of over $500 million into Bitcoin spot ETPs by 2025, approximately 12 times the daily new supply from miners; a 2026 EY survey shows that 73% of institutional investors plan to increase their allocation to digital assets. Second, the acceleration of corporate blockchain adoption is anticipated, with about 60% of Fortune 500 executives indicating that their companies are advancing blockchain projects by 2025, with firms like Fidelity, Visa, and Stripe all positioning themselves in the stablecoin business. He also pointed out that AI and public chain technology are complementary, with new demands such as machine-native micropayments and cross-border instant settlements further driving the implementation of blockchain. As regulatory frameworks become increasingly clear, digital assets are accelerating their integration into the mainstream financial system.

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