Franklin Templeton’s Perspective on Regulation, AI and DePIN

Led by Bitcoin (BTC), the cryptocurrency industry will grow rapidly in 2024, reaching a value of $4 trillion before a correction in the market. During the mid-term session in London, Bitcoin price reached the desired $100k target by 2024 before resuming to trade around $92.7k on the last day of the year.

Major adopters of digital assets and Web3 products such as MicroStrategy Inc. (NASDAQ: MSTR ) and Metaplanet Inc. (Tokyo: 3350) was issued by institutional investors. The approval of spot Bitcoin ETFs in the United States has played a crucial role in the ongoing bull market, after accumulating more than $106 billion worth of BTCs in less than 12 months.

Franklin Templeton's forecast for 2025

According to Franklin Templeton's Digital Assets report, 2025 will see a major shift in the cryptocurrency industry from speculation to utility. In addition, the investment company believes that the cryptocurrency industry will become an integral part of the global financial and operational systems.

As a result, Franklin Templeton warns stakeholders to closely monitor the regulatory landscape, institutional activities and developments in AI-crypto convergence in 2025.

With the re-election of Donald Trump as POTUS, Franklin Templeton believes that the United States will lead the adoption of cryptocurrency. In addition, the appointment of Paul Atkins as the next chairman of the US Securities and Exchange Commission (SEC) has renewed hopes for better and more transparent crypto products, including better and more transparent security products.

Also read: Top Crypto News of 2024: SBF Collapse, Bitcoin Rise and the WazirX $235M Hack,

Among the key crypto sectors that Franklin Templeton expects to lead is Decentralized Physical Infrastructure Network (DePIN), which currently has a market cap of nearly $29 billion and a 24-hour average trading volume of nearly $2.18 billion.

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