STS Digital CEO: Crypto prices are still in the cold winter, and institutional adoption is already in the middle of summer

Comparative news, according to The Block, Maxime Seiler, CEO of crypto options market maker STS Digital, said that there is a divergence between crypto asset prices and institutional adoption. He said, “From the price point of view, we are still in the crypto winter, but from the institutional side, we are already in the middle of summer.”

Seiler said that institutions are using more underlying technology, and capital does not necessarily flow into tokens, so technology adoption is not fully reflected in currency prices. He also pointed out that the Bitcoin futures base has converged from an annualized 20% to 30% of the 2021 cycle to close to risk-free interest rates, and is more stable than the previous cycle, partly due to the fact that the dollar has a deeper channel into and out of the crypto market.