Moody's on crypto

A recent Moody's report forecasts continued growth in data center demand, driven by advancements in AI and digital currencies, with a need for capacity to double by 2028. This trend positions real-estate investment trusts like Digital Realty and Equinix as prime beneficiaries due to their established industry relationships and geographical diversity. In the crypto market, analyst Raoul Pal predicts a bullish surge for Solana, suggesting it may outperform Bitcoin, with potential price targets indicating significant gains. Meanwhile, the venture capital landscape for crypto is experiencing a resurgence, with $2.01 billion raised in the first quarter of 2024, signaling renewed confidence in blockchain technology. Additionally, a survey reveals that 73% of U.S. crypto users intend to continue investing in cryptocurrencies, with many viewing crypto as having greater growth potential compared to traditional investments. This shift underscores a broader trend towards a maturing crypto ecosystem, emphasizing sustainable projects over speculative investments.