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When discussing the crypto asset market, the first thing most people look at is the price of Bitcoin: Has BTC risen or fallen? Are funds flowing into ETFs? Is US monetary policy acting as a tailwind for risk assets? These perspectives remain crucial, and Bitcoin’s position at the heart of the crypto market is unchanged.
However, looking back at last week’s BitTrade market reports, the scope of the conversation extended far beyond those basics.
Topics ranged from the Bank of Japan’s interest rate hike and yen-denominated Bitcoin to a comparison between SpaceX’s market capitalization and Bitcoin, and the mBridge project’s attempt to transform cross-border remittance mechanisms. The discussion even touched upon Web3 authentication in the context of banning cheaters in the game Apex Legends.
This breadth of topics highlights aspects that cannot be overlooked when considering the current state of crypto assets and blockchain technology. In this article, I will review the four pieces published last week and explore the potential for crypto assets to expand into fundamental infrastructure.