The growth of the crypto market is being driven by a combination of economic, technological, and geopolitical factors. The most relevant are:
1. Institutional adoption: Large investment funds and companies like BlackRock and Fidelity are incorporating cryptocurrencies into their portfolios, which brings legitimacy and liquidity to the market.
2. Approval of ETFs: The approval of spot Bitcoin and Ethereum ETFs has facilitated access for traditional investors, generating capital inflows of billions of dollars.
3. Macroeconomic environment: The expectation of interest rate cuts by the Federal Reserve and the search for alternative assets amid global uncertainty have favored cryptocurrencies.
4. Technological innovation: Advances in scalability, interoperability, and security — such as Ethereum upgrades and the rise of DeFi 2.0 — are strengthening the infrastructure of the ecosystem.
5. Tokenization of real assets: From real estate to bonds, the ability to represent traditional assets on the blockchain is attracting new investors and expanding the use of the technology.
6. Stability and growth of stablecoins: Stablecoins remain key to the functioning of DeFi and global transactions, with new partnerships and improvements in their regulation.
7. Greater regulatory clarity: Although challenges remain, regions like the European Union are making progress with frameworks like MiCA, which reduces legal uncertainty and encourages investment.
