Tags: Bernstein

Crypto Asset Management Industry Could Reach $650B in Five Years, Up From $50B Today: Report

Stablecoin Market Cap To Hit Nearly $3 Trillion By 2028: Bernstein Report

Bernstein Report: Top Crypto Miners Set to Benefit Most as Capacity Surges

Macro factors have aligned in favor of bitcoin bulls, according to Bernstein. (Spencer Platt/Getty Images)

Some in the industry had expressed concern that crypto was actively being removed from the banking system with an attack on stablecoins and custody rules, the report said.

Regulatory overreach will lead to further movement towards decentralized finance apps, built directly on-chain by anonymous teams, the report said.

The crypto custody revenue opportunity could grow to $8 billion by 2033, the report said.

The broker expects on-chain revenue to grow to about half of total cryptocurrency revenue from around 15 today.