Ric Edelman says crypto’s biggest growth story is happening off the price chart
CoinDesk 2026-06-22 20:58:40
Context: Ric Edelman, a prominent figure in the financial industry, asserts that the most significant growth story in cryptocurrency is unfolding behind the scenes, driven by institutional adoption and tokenization, despite the current pressure on crypto prices. This development is occurring as Wall Street firms increasingly engage with the crypto space, contrary to the prevailing weak market sentiment. The upcoming fate of the CLARITY Act, which aims to provide clearer regulatory rules for institutional investors, is expected to significantly influence crypto markets.
Key Facts
- Ric Edelman believes that the biggest growth story in crypto is happening off the price chart, driven by institutional adoption and tokenization, which are accelerating despite weak market sentiment.
- The passage of the CLARITY Act would likely be viewed as a major catalyst for crypto markets, as it would provide clearer regulatory rules for institutional investors, while failure or delays could trigger a short-term negative market reaction.
- Edelman notes that political developments ahead of the midterm elections will also influence crypto policy momentum, and that the crypto political coalition is showing signs of strain.
- Despite the current market conditions, Edelman remains bullish on Bitcoin and blockchain infrastructure over the long term, indicating a positive outlook for the future of crypto.
- In May, combined exchange volumes fell 3.45% to $4.41T, the lowest since September 2024, while RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.