Nature is Healing

In November, investment into digital asset products reached record levels. Since the start of the year, net capital inflows got to US$37bn1, with an additional US$8bn1 this month only. Bitcoin spot ETFs have surged past US$100bn mark in AUM. Donald Trump’s win at the US Presidential elections and majority in Congress supported expectations for a more favorable business environment for digital innovation. Potential ease of regulatory environment for digital assets, pro innovation nominations at SEC and key public agencies like CFTC2 and OCC3, support for the domestic mining industry and discussions around establishing a Bitcoin “National Strategic Reserve” would indeed support the development and adoption of digital assets and the blockchain industry. Last but not least, bipartisan support to advance legislation like FIT21 and especially stablecoins are expected to contribute unlocking a much larger addressable market for this industry and an acceleration in corporate digitization. On the macro front, Fed cut interest rate by 25 bps1, notwithstanding US labor market signs of consolidation.

Read more