{
  "id": 4867111,
  "title": "Does the Bitcoin rally mean we haven’t wasted our lives in crypto?",
  "url": "https://urgent.news/2026/09/01/does-the-bitcoin-rally-mean-we-havent-wasted-our-lives-in-crypto",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-01T13:30:00.000Z",
  "source": {
    "name": "Cointelegraph",
    "slug": "cointelegraph",
    "url": "https://cointelegraph.com/magazine/does-bitcoins-rally-mean-we-havent-wasted-our-lives-in-crypto"
  },
  "original_language": "en",
  "account": "The crypto market is experiencing a resurgence, but the gains are not what early believers envisioned. After a decade of development, many in the industry are questioning if it was all worthwhile. In recent months, sentiment in crypto has hit an all-time low, with miners leaving for AI, cold wallets being hacked, and journalists losing their jobs.\n\nBitcoin and Ethereum have shown a stellar performance, with Bitcoin up 26% in August and Ethereum up 34%. Even President Trump endorsed a decentralized futures platform at the White House. However, a short-term price surge doesn't equate to all dreams coming true. For those advocating for uncontrolled, state-free money, a custodial ETF doesn't quite fit the bill.\n\nNotable crypto companies, like BitMEX, are closing their doors, having already played their part in the industry's foundation. While the technology has become deeply embedded in traditional finance, it's clear that crypto can't simply disappear. Utkarsh Ahuja, founder of Moonshot Capital, argues that crypto's impact on payment rails, settlement, and tokenization is significant and has the potential to be lasting, especially in areas like stablecoins and tokenization. He also highlights the role of DeFi in reshaping traditional finance, making settlement faster and markets 24/7.\n\nDespite the progress, DeFi has faced criticism for over-promising on timelines and under-delivering on user experience. Institutional adoption of blockchain technology is skyrocketing, but crypto is becoming increasingly absorbed by traditional finance, making it less exciting and impactful. Surprisingly, one in five American adults have invested in or used cryptocurrency, indicating broader ownership but also increased complexity in navigating the market.",
  "summary": "Crypto is showing signs of life again, but its biggest wins look different from what early believers imagined. After a decade of building, has it all been worth it?",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Yahoo Finance",
        "title": "Gold prices today, Tuesday, September 1, 2026: Gold moves lower as rate-hike expectations grow",
        "url": "https://urgent.news/2026/09/01/gold-prices-today-tuesday-september-1-2026-gold-moves-lower-as-rate",
        "published": "2026-09-01T12:08:10.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}