Part 3/8:
Anziani emphasized that the current landscape of cryptocurrency is markedly different from past cycles, particularly highlighting the significant influx of institutional investments. The approval of the Bitcoin Exchange-Traded Fund (ETF) in January 2024 has been a turning point, with over $100 billion flowing into it, which accounts for 5 percent of Bitcoin's total market capitalization. This institutional participation, paired with a growing demand for clarity in regulations, positions the cryptocurrency industry for a potentially vibrant year ahead. Anziani pointed out the positive regulatory developments in regions like Hong Kong, which have implemented frameworks that cater specifically to digital assets, thereby encouraging more participants to join the market.