Jeff Park, Head of Alpha Strategies at Bitwise, analyzed that the current cryptocurrency industry is in a 'narrow window' similar to the AI industry around 2015. He explained that at the time, only a few individuals recognized the AI revolution, and it took about 10 years for it to become mainstream. He assessed that while the direction of permissionless money and on-chain capital markets has already been proven in the current cryptocurrency industry, it is in the most challenging phase, where AML/KYC regulations and existing financial infrastructure limit the speed of adoption. He also explained that while BTC is a monetary experiment created by technological evolution, most cryptocurrency projects are technological experiments created by monetary evolution. He further argued that the core of the cryptocurrency industry is not mere decentralization, but 'technological financialization'.
