Bitwise advisor: The crypto industry is in a "narrow window period" similar to AI in 2015
Foresight News reports that Bitwise advisor Jeff Park published an article outlining his bullish logic for the crypto industry. He draws an analogy between the current state of the crypto industry and the AI sector around 2015. At that time, Jensen Huang had been betting on GPU parallel computing and CUDA for years, and Elon Musk had already recognized the potential of AI, but it was still a decade away from public awareness.
Jeff Park cited Musk's statement on autonomous driving at GTC 2015: 0-10 mph and above 50 mph are relatively easy to solve, and the hardest is the "middle ground" from 10-50 mph. He believes that the crypto industry is currently at this stage: the fundamental value of permissionless money is already understood (0-10 mph), the endgame for on-chain capital markets is also clear enough (50 mph+), but the hardest breakthrough now is that institutional infrastructure remains stuck in the pre-internet era. AML/KYC compliance, offshore capital pipelines, bank risk control models, and lagging reporting mechanisms all together form the resistance of this "middle ground."
He also distinguishes the essential difference between Bitcoin and crypto: Bitcoin is a monetary experiment driven by technological evolution, while most crypto projects are technological experiments driven by monetary evolution. In his view, the ultimate winning ideology of the crypto industry is not decentralization itself, but "technological financialization": with hyper-financialization at its core, exporting sovereign finance, agent infrastructure, and self-sovereignty as public goods to the outside world.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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