The digital asset market recorded an exceptional performance in 2025, broadly validating forecasts made the previous year, according to CoinShares. Bitcoin reached new all-time highs while crypto returned to daily institutional and media discourse—this time in a far more constructive light than during the downturn of 2022–2023. The year was not without turbulence. Periods of volatility and liquidation events served as reminders that crypto remains a young asset class. CoinShares argues that focusing exc ...