The cypherpunk ethos is retreating from the limelight, as institutions and centralized players take center stage, driving new narratives.
Traditional financial institutions are increasingly shaping the narratives in the crypto sector, and are poised to benefit the most from the current trends, according to Arthur Azizov, founder of B2 Ventures, a private “alliance” of crypto services and financial tech companies.
Azizov told Cointelegraph that this market cycle has been dominated by institutional investors, investment vehicles like exchange-traded funds (ETFs), governments, and stablecoin issuers.
He also said that big banks will accelerate this trend in the near future, once they have regulatory clarity to interact with crypto, saying it will only be a “matter of months” between the time these banks receive regulatory clarity and the time it takes them to launch a stablecoin. Azizov added:
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