Digital Asset Management Firm, Etherbridge

Etherbridge

Digital Asset Management Firm

Etherbridge is a digital asset management firm investing in the value of information and trust

Crypto

<ul><li>BTC and ETH have been in a bear market for six months, the broader asset class has been in a bear market since January of 2025.</li><li>The crypto obituaries are rolling in almost everyday now, as with every obituary before 2026, the narratives behind these calls are compelling, especially when weak price action lends them credibility.</li><li>I have been around long enough and heard enough of these arguments to know that betting against them is a solid strategy. </li></ul>

BTC and ETH have been in a bear market for six months, the broader asset class has been in a bear market since January of 2025.The crypto obituaries are rolling in almost everyday now, as with every obituary before 2026, the narratives behind these calls are compelling, especially when weak price action lends them credibility.I have been around long enough and heard enough of these arguments to know that betting against them is a solid strategy. 

Research from Water Tower Research, Water Tower Research

Water Tower Research

Research from Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

Equity Research Firm

<div><ul><li>2025 was a watershed year for the cryptocurrency industry, marked by a decisive shift from “regulation by enforcement” to a structured, legislative-first approach. </li><li>The US dismantled long-standing regulatory bottlenecks through the landmark GENIUS Act, which established a federal framework for stablecoins under banking oversight, and the repeal of SAB 121, allowing major banks to custody digital assets.</li><li>Legislative progress via the CLARITY Act and FIT21 finally drew clear jurisdictional lines between the SEC and CFTC, providing the industry with much-needed legal certainty.</li></ul></div>

2025 was a watershed year for the cryptocurrency industry, marked by a decisive shift from “regulation by enforcement” to a structured, legislative-first approach. The US dismantled long-standing regulatory bottlenecks through the landmark GENIUS Act, which established a federal framework for stablecoins under banking oversight, and the repeal of SAB 121, allowing major banks to custody digital assets.Legislative progress via the CLARITY Act and FIT21 finally drew clear jurisdictional lines between the SEC and CFTC, providing the industry with much-needed legal certainty.

Tech Talk: Crypto's Watershed Year : 2025 Review and 2026 Outlook - 5 February 2026

<ul><li>Coming in 2026, the crypto pendulum has swung firmly in the bulls’ favour.</li><li>Crypto is hated, dismissed, and back to being a contrarian asset class filled with uncertainty.</li><li>Prices, of course, continue to dictate sentiment, swinging opinion from ‘revolutionary technology’ to ‘nothing burger’. Humans gonna human.</li></ul>

Coming in 2026, the crypto pendulum has swung firmly in the bulls’ favour.Crypto is hated, dismissed, and back to being a contrarian asset class filled with uncertainty.Prices, of course, continue to dictate sentiment, swinging opinion from ‘revolutionary technology’ to ‘nothing burger’. Humans gonna human.

<ul><li>4Q for the last two years has seen strong performance for cryptocurrencies. BTC was up more than 45% in 4Q23 and more than 65% in 4Q24.</li><li>Given the strong institutional interest in crypto after the US passed the GENIUS Actand the amount of capital going into digital asset treasury (DAT) companies, we could see a similar strong performance in 4Q25.</li><li>There has been significant interest in DAT companies, particularly those focusing on coins other than Bitcoin and those adding return enhancers to their models, DAT++ companies.</li></ul>

4Q for the last two years has seen strong performance for cryptocurrencies. BTC was up more than 45% in 4Q23 and more than 65% in 4Q24.Given the strong institutional interest in crypto after the US passed the GENIUS Actand the amount of capital going into digital asset treasury (DAT) companies, we could see a similar strong performance in 4Q25.There has been significant interest in DAT companies, particularly those focusing on coins other than Bitcoin and those adding return enhancers to their models, DAT++ companies.

Crypto Down, but 4Q Historically Good : Strong Performance for Cryptocurrencies in 4Q23 and 4Q24

Crypto Research and Data, Delphi Digital

Delphi Digital

Crypto Research and Data

Institutional-Grade Crypto Research & Data

Delphi Digital seeks to produce unbiased, actionable content for our clients on critical themes affecting digital assets and distributed ledger technology. Our team is committed to providing investors and institutions with key insights through a diverse suite of products including individual project analysis, bespoke research, and tailored consulting services.

<ul>
<li>This report argues that the August 2025 Executive Order allowing Bitcoin inside 401(k) plans is a structural breakthrough — potentially more transformative than the ETF approvals.</li>
<li>While ETFs made Bitcoin easy to buy, 401(k) integration ties BTC to the U.S.’s largest savings engine: $9.3 trillion in employer retirement plans funded automatically every paycheck.</li>
<li>Unlike ETF flows that rise and fall with sentiment, 401(k) contributions are programmatic, recurring, and extremely sticky — with 95% of participants never changing allocations.</li>
</ul>


This report argues that the August 2025 Executive Order allowing Bitcoin inside 401(k) plans is a structural breakthrough — potentially more transformative than the ETF approvals.
While ETFs made Bitcoin easy to buy, 401(k) integration ties BTC to the U.S.’s largest savings engine: $9.3 trillion in employer retirement plans funded automatically every paycheck.
Unlike ETF flows that rise and fall with sentiment, 401(k) contributions are programmatic, recurring, and extremely sticky — with 95% of participants never changing allocations.


If the ETF Era Made Bitcoin Investable, the 401(k) Era Could Make It Unavoidable

United States

Bitcoin Pro is a powerful trading system based on artificial intelligence (AI) technologies. The robot trades bitcoin volatility by betting on BTC prices relative to other currencies.

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It’s So Over, Right?

I spent last week with the team in Mauritius. We spent our time discussing market conditions and thinking about the path forward for the asset class

Etherbridge

Tech Talk: Crypto's Watershed Year : 2025 Review and 2026 Outlook - 5 February 2026

2025 was a watershed year for the cryptocurrency industry, marked by a decisive shift from “regulation by enforcement” to a structured, legislative...

Water Tower Research

2026 | Jan 26, 2026

Coming in 2026, the crypto pendulum has swung firmly in the bulls’ favour. Crypto is hated, dismissed, and back to being a contrarian asset class...

Etherbridge

Crypto Down, but 4Q Historically Good : Strong Performance for Cryptocurrencies in 4Q23 and 4Q24

4Q for the last two years has seen strong performance for cryptocurrencies. BTC was up more than 45% in 4Q23 and more than 65% in 4Q24.

Water Tower Research

If the ETF Era Made Bitcoin Investable, the 401(k) Era Could Make It Unavoidable

This report argues that the August 2025 Executive Order allowing Bitcoin inside 401(k) plans is a structural breakthrough — potentially more...

Delphi Digital

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