Grayscale CEO: The crypto winter is over, but the market still ignores the long-term value of digital assets

According to a report by Fortune, Grayscale CEO Peter Mintzberg wrote that Bitcoin surged about 20% last week, marking the strongest three-day increase of 2023, as the crypto winter gradually thaws. However, he warned that market observers are still overly focused on short-term price fluctuations, neglecting the long-term structural growth of digital assets.

Mintzberg emphasized two core driving forces: first, institutional demand continues to expand, with daily inflows into Bitcoin spot ETPs exceeding $500 million in 2025, approximately 12 times the daily new supply from miners; a 2026 EY survey shows that 73% of institutional investors plan to increase their allocation to digital assets. Second, the adoption of blockchain by enterprises is accelerating, with about 60% of Fortune 500 executives indicating that their companies are advancing blockchain projects in 2025, and companies like Fidelity, Visa, and Stripe are all positioning themselves in the stablecoin business. He also pointed out that AI and public chain technology are complementary, and new demands such as machine-native micropayments and cross-border instant settlements will further drive the implementation of blockchain. As the regulatory framework becomes increasingly clear, digital assets are accelerating their integration into the mainstream financial system.