Agree that the crypto industry is getting more mature! KPMG: A pile of “air coins” will not survive this year

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Agree that the crypto industry is getting more mature! KPMG: A pile of “air coins” will not survive this year
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KPMG, one of the big four accounting firms in the world, pointed out that the investment amount injected into the cryptocurrency field in the first half of this year reached 14.2 billion US dollars. Although it was not as prosperous as last year, compared with 2019 and 2020, the investment level this year is still at a high level. The industry is showing signs of maturing. Looking ahead to the second half of the year, KPMG expects investment in the cryptocurrency space to slow further, and investors may even witness the demise of some cryptocurrencies.

Affected by the Russian-Ukrainian war and the collapse of the Terra ecosystem, about $14.2 billion has been poured into the blockchain and cryptocurrency space so far this year, down from $32.1 billion in 2021, KPMG said in a recently published report. U.S. dollar, however, investor sentiment remains strong, with average investment levels still much higher in the middle of the year than in 2019 and 2020.

In response, KPMG noted that the cryptocurrency industry’s continued pace of growth “underscores the growing maturity of the field” and “the breadth of technologies and solutions that attract investment.”

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The report speculates that investors’ focus on the cryptocurrency industry in the second half of the year may shift from “companies that provide tokens and NFTs” to “blockchain infrastructure projects,” especially blockchain projects that promote modern finance. .

Analysts see growing interest in blockchain solutions related to compliance and transaction traceability, as well as increased corporate interest in stablecoins, as a low-risk way to invest in cryptocurrencies.

However, the overall situation remains fluid for some blockchain startups, with Alexandre Stachtchenko, director of blockchain and crypto assets at KPMG in France, saying that these companies may need to lower their valuations to raise funds because it is the only choose. He says:

Of course, some cryptocurrencies will perish, especially those that lack a clear and strong value proposition. This is actually healthy from an ecosystem standpoint, as it will clear up some of the mess created by the bull mania. Only the highest quality companies survive.

Related reading: Canada’s KPMG also buys cryptocurrencies!Announced the inclusion of BTC and ETH in asset allocation

This article agrees that the crypto industry is maturing! KPMG: A bunch of “air coins” will not survive the first appearance on the blocker this year.

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