Architect Partners: Crypto industry outperforms the internet

Investment bank Architect Partners said in a quarterly report released last week that the digital asset industry is embarking on a major growth phase and is currently in much better shape than it was two years ago.
The company said the value of the crypto industry grew by more than $750 billion in the first half of the year. Drivers of growth include a surge in the value of crypto tokens to more than $700 billion, the successful launch of spot BTC ETFs in the U.S., which attracted more than $15 billion, and the appreciation of listed crypto companies, which added another $11 billion.
Both cryptocurrencies and the internet are disruptive technologies with very similar characteristics, the report says, noting that the cryptocurrency market has recovered much faster from the so-called crypto winter than the internet did after the dotcom bubble burst in 2000. Ironically, cryptocurrencies have been the stepson of the internet, but now they outperform their predecessors and exceed the value of the internet for the same part of their respective lifetimes.