Bitwise’s Head of Research Ryan Rasmussen says crypto asset prices tell only half the story from Q2, with equities, revenue, and real-world adoption all moving in the opposite direction from token prices.
Crypto Assets Fell 36% While Crypto Stocks Gained 23%
The gap between crypto assets and crypto equities was the defining story of the first half.
Crypto assets dropped 36%, making them the worst-performing major asset class alongside gold, which fell 7%. Everything else finished green.
Meanwhile, the Bitwise Crypto Innovators 30 Index, which tracks the 30 largest publicly traded companies building the crypto economy, gained 23% in the first half, more than doubling the return of US equities and beating every major asset class except emerging market equities.
