Crypto winter looks different this time as incumbents gain market share amid stalled VC funding, Blockchain.com co-CEO says

Blockchain.com's Lane Kasselman said crypto markets have become more institution-led since 2021, when retail investors played a more prominent role. The latest crypto winter has played out differently from past cycles as established companies gain market share amid a lack of venture capital funding for new crypto startups, said Blockchain.com Co-CEO Lane Kasselman, speaking in a recent interview with Bitcoin Magazine TV. Kasselman described the period as an opportunity for incumbents such as Blockchain.com to grow, though he declined to call the bottom of the market. On the policy front, Kasselman said crypto has its strongest bipartisan support in Congress to date, despite growing perceptions that the industry is becoming more partisan ahead of the US midterm elections.

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