Grayscale CEO: Crypto Winter is Over, Market Still Overly Focused on Price Swings Ignoring Long-Term Growth Trend

BlockBeats News, August 28th. According to Fortune, Grayscale CEO Peter Mintzberg stated in a post that Bitcoin surged about 20% last week, marking its strongest three-day rally since 2023, indicating the fading of the months-long "crypto winter." However, he believes the market should not focus solely on short-term rebounds or sell-offs, as the long-term trend of digital assets entering the mainstream financial system is more crucial.

Mintzberg pointed out that in 2025, the daily fund flow of Bitcoin ETPs often exceeds $500 million, approximately 12 times the daily value of newly mined bitcoins. Despite the US spot Bitcoin ETP experiencing net outflows for 8 consecutive weeks earlier this year, as of late July, it has seen 3 weeks of consecutive net inflows. A survey by EY of over 350 institutional investors also revealed that 73% plan to increase their digital asset allocation.

Corporate adoption is also progressing. Around 60% of the Fortune 500 executives stated in 2025 that their companies are engaged in blockchain projects, with institutions such as Fidelity, Visa, and Stripe advancing their stablecoin businesses. Mintzberg believes that AI and blockchain are not mutually exclusive, and the demand for machine-native micropayments and real-time cross-border settlements generated by AI agents may further drive the use of public blockchain applications.