According to news on January 8, Multicoin Capital said in a report on January 7 that 2025 is expected to be a "critical year" for Web3, as artificial intelligence flourishes and tokenization triggers an "institutional frenzy." The report predicts that as security tokens finally “take off in a meaningful way,” “zero-employee companies” operating on artificial intelligence will emerge and the pace of institutional adoption will be impressive. Analysts expect 2025 to be one of the best years in cryptocurrency history, driven by President-elect Trump’s victory in the November U.S. election and massive institutional inflows into Bitcoin and Ethereum ETFs. “With a pro-crypto government coming to power in the U.S., and the record success of the BTC ETF, we will see 5 years of institutional interest trying to catch up and find ways to support crypto as quickly as possible,” Multicoin said. Multicoin expects tokenized private credit and startup equity to flourish in the early stages, while public equity tokens will take off in the later stages. At the same time, nearly every existing financial institution will “race to offer essential financial products around cryptocurrencies.”