This trend becomes even more relevant as real-world assets enter the digital landscape. Stablecoins have already demonstrated the power of blockchain-based representations of traditional value, becoming the most successful application of digital assets to date. Tokenized deposits, bonds, funds and other real-world assets are poised to follow, expanding the range of options available to businesses and individuals worldwide.
For the end user, however, the underlying asset may become increasingly irrelevant. Most people are unlikely to care about the blockchain protocol, token standard, or settlement mechanism that powers a transaction. What matters is availability, 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. Coins can evolve, protocols can change, and new forms of digital value will continue to emerge. But the institutions that enable trust, connectivity and seamless access will remain at the center of the ecosystem.
The prevailing currency in digital assets may change over time. However, infrastructure is what lasts.
Principled perspectives
Bitcoin’s liquidation cascade peaked before bottoming
– By Alen Pavlović, Portfolio Manager, Liquibit Capital
Using CoinDesk’s liquidation feed, the foreclosure was flushed early and loud. By the time Bitcoin bottomed out on June 5, the cascade was already over.
