Chainfeeds Summary:
Crypto researcher Adil Shaik has written an article summarizing the key points from Messari's 2025 cryptocurrency report, covering geopolitics and the crypto market macro, policy and regulation, and institutional positioning.
Source:
https://x.com/_adilshaik/status/1870203043922211144
Author:
Adil Shaik
Highlights:
Adil Shaik: Geopolitical Macro: Signs point to a global economic recession in 2024, with the Federal Reserve (FED) timely rate cuts to control this; the market is pricing in the potential for AI to boost productivity, and believes companies adopting AI will see higher future returns; China, India, and Turkey's central banks have high demand for gold reserves; while global tensions are high due to oversupply of US-produced oil, energy costs remain stable; China has shifted to a loose monetary policy, lowering interest rates and increasing lending programs to boost market development. Crypto Market Macro: The market faced strong headwinds in Q3 due to the German government's BTC sell-off, Mt. Gox redistribution, Tether's alleged DOJ investigation, and SEC's malicious lawsuits against OGs (metamask, uniswap, kraken, etc.); the US election became a catalyst to break the consolidation and put the market on a bullish trajectory. Policy & Regulation: Gensler was criticized and resigned after Trump's election win; key legislative debates: FIT-21, Stablecoin Bill, SAB-121; centralized stablecoins like USDC/USDT are favored, while the future of DAI is unclear; self-custody is emphasized, but privacy issues remain unresolved; DeFi remains unregulated, with foundational research expected to begin in 2025; Trump's crypto stance poses risks, as challenging the dollar's reserve currency status could be reversed; the most ambitious crypto policies are expected in 2025-26. Institutions: BlackRock's IBIT achieved a $40B AUM record in 200 days, outpacing traditional markets; blue-chip institutions are exploring tokenization, stablecoins, and research beyond small-scale portfolio allocations; TradFi firms find the appeal of enhanced investor accessibility, instant real-time settlement, and higher liquidity outside of normal trading hours.
Source
