This trend is becoming even more relevant as real-world assets enter the digital landscape. Stablecoins have already demonstrated the power of traditional blockchain-based representations of value, becoming the most successful digital asset use case to date. Tokenized deposits, bonds, funds and other real-world assets are set to follow, expanding the range of opportunities available to businesses and individuals around the world.
However, for the end user, the underlying asset may become increasingly irrelevant. Most people are unlikely to care about the blockchain protocol, token standard, or settlement mechanism that drives a transaction. What matters is accessibility, speed, security and trust. Users want to access global opportunities using their local resources, through partners they know and platforms they can trust.
In this environment, long-term competitive advantage belongs to those who build and operate the infrastructure that connects participants, assets and markets. Currencies can evolve, protocols can change, and new forms of digital value will continue to emerge. But institutions that enable trust, connectivity and seamless access will remain at the center of the ecosystem.
The predominant currency in digital assets may change over time. However, the infrastructure is what lasts.
Principled Perspectives
Bitcoin Liquidation Cascade Peaked Before Bottom
– By Alen Pavlović, Portfolio Manager, Liquibit Capital
Using CoinDesk’s liquidation feed, forced sales increased early and higher. When Bitcoin bottomed on June 5, the cascade was already over.
