GREYSCALE CEO: THE COLD AND ENCRYPTED WINTER HAS PASSED, AND THE MARKET IS STILL TOO CONCERNED ABOUT PRICE VOLATILITY TO IGNORE LONG-TERM GROWTH TRENDS

On 28 August, according to Fortune, the greyscale CEO Peter Mintzberg wrote that bitcoin had increased by about 20 per cent last week, recording the strongest three-day increase since 2023, indicating that the “crypified winter” that lasted for months was retreating. However, in his view, the market should not limit its attention to short-term rebounds or sales, and long-term entry of digital assets into the mainstream financial system was the more important trend. Mintzberg points out that in 2025, one-day capital flows of Bitcoin ETP often exceeded $500 million, about 12 times the value of the new bitcoin added daily by miners. Despite the fact that the United States current bitcoin ETP once in the year was eight consecutive weeks of net outflows, by late July it had recovered three consecutive weeks of net inflows. Ernst and Young's survey of over 350 institutional investors also revealed that 73 per cent of the planned increase in digital asset allocation。