The "Coin Cold War Era" Begins as Competition to Foster the Virtual Asset Industry Intensifies Between Countries

The Covit Research Center under Covit, a virtual asset exchange, published a report titled "2025 Virtual Asset Market Outlook" on the 19th.

As competition among nations to nurture the virtual asset industry heats up, the so-called 'Coin Cold War era' is expected to unfold.

Covit, a virtual asset exchange, announced on the 19th that the Covit Research Center has published a report titled '2025 Virtual Asset Market Outlook.' This marks the third year in a row that the Covit Research Center has put out a report predicting the virtual asset market for the new year, and all four researchers from the center participated in preparing the report.

The report analyzes that bitcoin's 'space competition' will begin as the global regulatory environment changes, much like the 'space competition' between the U.S. and the Soviet Union over space-related achievements during the Cold War. It adds that competition among nations will intensify as global conglomerates and major financial institutions that had already entered the market will focus on stablecoins and bitcoin thanks to the U.S. Bitcoin Strategic Assets Act.

The report then predicts that changes in the U.S. regulatory environment will create a favorable climate for the virtual asset market and expand banks' participation in the virtual asset market. In the long term, bitcoin is expected to move upward thanks to the approval of spot ETFs and the central bank maintaining its stance on lowering interest rates.

It also predicts that institutional interest in altcoins will accelerate and various tokenization funds will grow. The center explains that asset managers are already applying for Solana, Ripple, and Crypto Index ETFs, while experiments are being conducted to tokenize various funds.

The report adds that traditional financial institutions will continue to tokenize assets and cooperate with DeFi using public (open to all) blockchains.

Choi Yoon-young, head of the Covit Research Center, said, "In the current uptrend, it is crucial to objectively analyze the market situation and closely observe the structural changes in the market and the impact of external factors from a long-term perspective."