Everyone’s Depressed in Crypto — But Bitwise’s CEO Says That’s What Winning Looks Like
Despite widespread negative sentiment in crypto circles, Bitwise CEO Hunter Horsley suggests this boredom signals industry maturity and success.Summary
The crypto industry is currently experiencing a 'vibes crisis,' with many veterans noting a depressed and jaded mood across social media, particularly after Bitcoin's recent price dip. However, Bitwise CEO Hunter Horsley and venture capitalist Nick Carter argue that this apparent boredom is actually a sign of the industry's maturation and success.
Carter posits that many fundamental questions—like the legality of stablecoins or the industry's incorporation into TradFi—have been answered, leading to reduced volatility and regulatory clarity. He views this as the hallmark of an industry that has 'won,' shifting its focus from speculative risk-takers to delivering real consumer value, with traditional finance increasingly driving the next growth cycle.
Horsley agrees, noting that while crypto natives feel bearish, the sentiment outside of social media is improving due to receding regulatory risk and growing institutional interest. This shift suggests that the fading speculative thrill is being replaced by structural stability, which, ironically, might be what true mainstream adoption looks like.
(Source：BeInCrypto)