In a recent discussion at Paris Blockchain Week (April 8-10, 2025), Eric Turner, the CEO of Messari, expressed his skepticism about the current state of the cryptocurrency market. He stated:

“We keep talking about the bull market that we just had, or the end of the bull market? And I don’t really think we’ve had a true bull market.”

Turner observed that while there has been significant interest in Bitcoin through ETFs and some excitement around meme coins, the influx of institutional investment remains subdued compared to previous years such as 2020 and 2021.

He maintained a positive outlook for the latter half of 2025, saying:

“We’re probably looking at a muted Q2, but I’m really excited for Q3 and Q4.”

Thomas Eichenberger, CSO of Sygnum Bank, concurred with Turner, predicting heightened competition among US banks venturing into crypto services. He highlighted,

“There is no one to be afraid of anymore, in terms of regulatory authorities worldwide.”

Eichenberger emphasized the need for liquidity and transferability in crypto asset tokenization to unlock its full potential in wealthy markets.

Overall, both speakers are optimistic that the remainder of the year will bring renewed vigor and competition in the crypto sector.