In a thrilling plot twist, Grayscale Investments, one of the world’s largest crypto asset management companies, has recently taken to X, drawing parallels between the burgeoning growth of crypto and the Canadian equity market. In its statement shared today, May 11, the crypto asset management firm also put crypto and USD-denominated EM (Emerging markets) bonds in the same league, setting off waves across the broader crypto industry.
Grayscale and Bloomberg appear to have shared an index comparing crypto market capitalization to that of various other bonds and markets over the past years. Let’s take a deeper dive into this index.
Crypto Market Capitalization Spikes To Unprecedented Levels
According to the chart shared by Grayscale Investments, the crypto market capitalization, including stablecoins, has risen to unprecedented levels over the past few years. Initially…
