According to JPMorgan's report, net capital inflows into cryptocurrencies will reach $60 billion in 2024, which is 50% higher compared to May, surpassing investments in private equity. Analysts led by Nikolaos Panigirtzoglou link this surge to favorable regulatory changes in the U.S. The GENIUS Act, passed by Congress, established clear standards for stablecoins, fostering global competition, including the launch of the digital yuan in China and a stablecoin in Hong Kong.
The inflow encompasses cryptocurrency funds, CME futures, and venture financing, putting 2024 on track to exceed last year's record. Altcoins, particularly $ETH , are receiving significant attention due to their role in DeFi and smart contracts, as well as a growing interest in crypto ETFs with staking features.
Regulatory clarity, such as the CLARITY Act, which defines the status of digital assets, makes the U.S. a more attractive market for crypto companies compared to the European MiCA. JPMorgan notes that the sustainability of inflows depends on regulatory stability and macroeconomic conditions. Stay updated on crypto market news with #MiningUpdates
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