Recently, Mert Mumtaz, CEO of Helius, shared his view that cryptocurrency is a more significant phenomenon than just technological innovation, asserting that it represents 'Capitalism 2.0'.
Cryptocurrency: Rewriting Capitalism Rules
Mumtaz argues that cryptocurrency incorporates all necessary ingredients for capitalism to function correctly: decentralized information flow, immutable property rights, incentive alignment, transparency, and frictionless capital flows. He noted that the ultimate goal of cryptocurrency is fundamentally to change what he calls 'the most impactful human invention of all time: capitalism.'
Regulatory Changes and Their Impact
Mumtaz's statement coincided with the release of joint guidance from U.S. regulators on modernizing financial systems. The Securities and Exchange Commission and Commodity Futures Trading Commission proposed new reforms, such as always-on markets and regulatory frameworks for perpetual futures contracts. These changes reflect the recognition that traditional financial systems must adapt to the operational advantages of cryptocurrencies.
Traditional Finance and Adoption of Crypto Economy
The crypto industry emphasizes changes in economic models, reinforcing the shift of major financial institutions towards full-scale integration of cryptocurrencies. Research indicates that 2025 marked a pivotal year for banks launching asset tokenization projects. This change in approach may lead to increased confidence in investments in digital assets from traditional venture capital firms.
Mumtaz's perspective on cryptocurrency as 'Capitalism 2.0' highlights significant shifts in the perception of the crypto industry that may impact the market and investment strategies in the future.
