The cryptocurrency industry is on track to generate $20 billion in onchain fees this year, nearly matching its 2021 peak. But the composition has completely transformed from speculative NFT minting to sustainable DeFi applications that users actually pay to use repeatedly.
U.S. Treasury Secretary Scott Bessent’s unexpected Bitcoin endorsement has traders speculating about policy signals. The comments come as Bitcoin faces volatility and analysts predict a potential surge to $140,000. Here’s what it means for markets.
The institutions Bitcoin was designed to bypass now hold the keys to its future. From BlackRock’s ETFs to JPMorgan’s collateral acceptance, Wall Street’s embrace represents both validation and potential co-optation of crypto’s revolutionary promise.
