Grayscale CEO: Crypto Winter Over, Market Ignores Long-Term Value

The claim that the crypto winter has ended is less notable than the admission that market pricing still ignores long-term value. That gap suggests institutional adoption and blockchain fundamentals are not yet the primary drivers of valuation. The significance lies in whether this disconnect narrows as more traditional players enter, which would test the thesis. What matters next is whether sustained institutional flows shift market focus from short-term sentiment to structural use cases, or if the cycle repeats despite the CEO's optimism.