Franklin Templeton's Outlook for the Crypto Industry in 2025: A Shift from Speculation to Practicality

I. Attention Value - Market Highlights

1. Market Trends

(1) Macroeconomic Environment: l Franklin Templeton's Outlook for the Crypto Industry in 2025: A Shift from Speculation to Practicality Franklin Templeton Digital Assets has released its 2025 outlook for the crypto industry, emphasizing that as the foundational technology of cryptocurrencies matures, the industry will undergo a transition from speculation to practicality. The outlook highlights key factors including regulatory clarity, institutional adoption, and technological advancements. The U.S. Securities and Exchange Commission (SEC) is expected to drive the diversification of financial products related to cryptocurrencies, helping the U.S. regain its status as a global center for crypto innovation. Additionally, the U.S. will introduce a regulatory framework for stablecoins, paving the way for major financial institutions to issue their own stablecoins. Bitcoin will further solidify its position as a digital store of value, with some countries potentially increasing their strategic reserves. Moreover, as various industries seek efficient decentralized solutions, the demand for Decentralized Physical Infrastructure Networks (DePIN) will rise. The combination of artificial intelligence and cryptocurrencies will also accelerate, with blockchain technology providing transparency and verification for the AI economy. Overall, 2025 is expected to be a significant turning point for the crypto industry, and stakeholders need to pay attention to these dynamic changes.

(2) Web3 Sector: l San Francisco Fed President Daly: Cryptocurrencies Should Be Viewed as Independent Assets, Not Ready to Become "Currency" San Francisco Fed President Daly stated in a podcast on December 31 that cryptocurrencies should be viewed as an independent asset class rather than being conflated with gold. She pointed out that the complexity of cryptocurrencies means they are not yet ready to become "currency." Daly emphasized the importance of understanding the true meaning of cryptocurrencies, mentioning that they can serve as a currency, medium of exchange, or asset, but these definitions need to be clarified. She further noted that while cryptocurrencies sometimes exhibit characteristics similar to gold, they are not equivalent to gold. Daly agreed with Federal Reserve Chairman Powell's view that cryptocurrencies currently lack the necessary attributes to function as currency.

2. Hot Events

(1) Macroeconomic Environment: l Judge Delays CFTC vs. Gemini Trial to January 21, Potentially Impacting the Future Direction of the Crypto Industry New York court judge Alvin Hellerstein has decided to postpone the civil trial between the U.S. Commodity Futures Trading Commission (CFTC) and Gemini Trust Company to January 21,