NYDIG Head of Research: Cryptocurrency's "Investable Universe" is Shrinking

BlockBeats News, February 23rd, according to Cointelegraph, NYDIG Research Head Greg Cipolaro pointed out in a report that the "investable universe" in the crypto space is narrowing, focusing mainly on applications or services that "extend traditional financial products onto blockchain infrastructure."

He added that, apart from Bitcoin, tokenized assets, stablecoins, some DeFi infrastructure, and a few general-purpose blockchains (such as Ethereum), "the likelihood of large-scale blockchain applications seems lower than previously expected."