Crypto’s wild west era is over, according to Miko Matsumura, managing partner at Gumi Cryptos Capital. The industry has won its core battles as institutional rails fall into place.

Matsumura welcomed the current bear market but warned that it would reward different behavior than previous cycles. Builders who repeat the meme coin playbook will be left behind as fresh capital and tougher regulation arrive.

The Industry Has Won, Miko Matsumura Argues

In an interview with BeInCrypto at the NBX Warsaw conference, Matsumura argued that crypto has already secured its structural wins.

“I think we’ve basically won. We’ve basically gotten everything that we wanted.”

He broke that victory into three pieces, mapping crypto sectors…