From Nasdaq:

In March 2024, the crypto market cap reached $2.4 trillion after a decline from its peak of $3 trillion in 2021. Growing institutional involvement is expected to drive a bullish period ahead, with institutions showing interest in offering DeFi and RWA tokenization services. However, concerns remain regarding regulatory uncertainties and investor confidence following FTX’s collapse. Entry by major asset managers like BlackRock and GrayScale into the crypto space legitimizes digital currencies as a viable asset class for institutional investors. Recent SEC approvals for spot Bitcoin ETFs signal mainstream acceptance and address regulatory concerns, enhancing market transparency and stability. Anticipation for a 2024 crypto bull run is high, fueled by ETF approvals and Bitcoin’s upcoming halving event in April. Historically, gold ETFs have seen trillions in value creation, while some believe initial Bitcoin ETF flows may only amount to a few hundred million. The industry awaits regulatory decisions and is poised for continued growth and innovation through the convergence of traditional finance and crypto. Amidst rising prices and institutional involvement, the crypto industry is showing resilience and promise for a positive evolution in 2024. James Wo, Founder and CEO of DFG, a seasoned entrepreneur and crypto investor, supports the growth of the industry and predicts a potential turning point that could catalyze the next bull run.



Read more at Nasdaq: Why Institutions Could Make This Year Pivotal for Crypto