The rise of cryptoassets
Cryptoassets like Bitcoin and Ethereum have made their way into the mainstream financial industry and are being sought out by retail investors as well. We’ve seen companies like Tesla, Block (formerly Square), and Microstrategy put them on their balance sheets as reserve assets, financial institutions offering their customers access to crypto-related products, and retail investors buying them on exchanges. The adoption and acceptance of cryptoassets have accelerated at an incredible pace, leading to a nearly $2.2 trillion market cap.
But what exactly are cryptoassets?