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According to Cointelegraph, Fidelity Digital Assets predicts in its latest report that by 2025, countries incorporating Bitcoin into their national strategic reserves will drive significant growth in the cryptocurrency market. Research analyst Matt Hogan pointed out that more countries, central banks and sovereign wealth funds may follow Bhutan and El Salvador's example, establishing strategic positions in Bitcoin and reaping substantial returns in the short term. Hogan emphasized that due to challenges such as inflation, currency depreciation and fiscal deficits, not allocating Bitcoin might pose a greater risk to nations than allocating it. He also mentioned that if the US advances its Bitcoin strategic reserve plan, other countries might secretly accumulate Bitcoins to avoid pushing up market prices. In addition, Hogan predicted that by 2025 digital asset structured products and custodial services will "become mainstream", with successful spot trading of Bitcoin and Ethereum ETFs driving further product innovation within traditional financial sectors. He also believes tokenization will become a "killer application" by 2025 with on-chain value expected to double from $14 billion to $30 billion. Fidelity researchers suggest investors should "prepare for acceleration," as adoption of digital assets is rapidly increasing demand. They emphasize it's not too late for investors entering the digital asset space; this could be the beginning of a new era lasting many years or even decades.

According to a report by Jinse, Multicoin co-founder Tushar Jain stated in a report released on the 7th that he does not believe that initial public offerings will become the first type of tokenized securities adopted by the mass market. Markets with poor liquidity, high opacity and greater benefits from tokenization are more likely to be adopted first. This could be startup equity - when blockchain can manage capital tables for free, there is no reason to pay Carta or Angelist for management. It could be fixed income instruments that Figure has been researching for years. It could also be LP interests in funds.