Is the Era of Making Money with Bitcoin Over? The Market Financial Companies Are Truly Targeting

Summary

Kim Jun-woo argues that financial leaders are not primarily judging Bitcoin as good or bad; they are positioning for the tokenization of much larger existing financial assets and the infrastructure around them. He says the era of easy speculative crypto trading gains is over, while real-world asset tokenization, digital asset exchanges, and bank or asset-manager product leadership are the real battlegrounds. Regulatory barriers make legacy DeFi and real-estate tokenization less attractive in the near term.

• Financial leaders no longer simply call Bitcoin bad; they focus on digital asset infrastructure and tokenization.
• Speculative altcoin and leverage-driven crypto gains are seen as a finished era.
• The larger opportunity is tokenizing existing assets such as stocks, bonds, credit, and gold.
• BlackRock's asset-management model supports early Bitcoin and Ethereum ETF leadership.
• JPMorgan is defending bank deposits with deposit tokens while expanding into stablecoins.
• Mirae Asset's exchange acquisition is interpreted as a customer-base and distribution-channel bet.
• Tokenized product adoption may start with currencies and payments, then bonds and credit before riskier assets.
• Real estate tokenization and legacy DeFi face liquidity or regulatory headwinds.