CoinDesk Podcast Network Crypto Has Only Seen '2 Bull Markets.' Is the Institutional Era the Real Breakout? | Markets Outlook
Aug 9, 2025
Jake Brukhman, Founder and CEO of CoinFund, celebrates a decade of insights in cryptocurrency. He reveals how institutional adoption is reshaping the landscape, driven by U.S. regulatory changes. The conversation dives into the significance of the 'app chain thesis' for future finance and the evolution of decentralized governance. Brukhman also speculates on an audacious Bitcoin price prediction for Christmas, balancing optimism with the unpredictable nature of the market. It's a thought-provoking look at the forces driving blockchain innovation.
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Two Bull Markets In A Decade
- Jake notes only two bull-market years in crypto's first decade.
- He frames 2025 as the start of institutional adoption.
Institutions Favor EVM App Chains
- Institutions in R&D prefer EVM-based tech and often build their own app chains or L2s.
- Jake sees the app-chain/modular thesis as central to enterprise adoption.
Regulation Opened The Door
- Jake says clearer regulation has unlocked institutional engagement with blockchain.
- Institutions now prioritize blockchain R&D and exploration of product use cases.