Bitwise CEO: Bitcoin currently lacks a 'Schelling point catalyst' According to a report by Golden Finance, Hunter Horsley, CEO of Bitwise, stated in an article on X platform that "I believe the current problem with Bitcoin is the lack of a 'Schelling point like price catalyst'. The so-called Schelling point catalyst refers to a potential opportunity that, once implemented, is bound to significantly increase the price of the currency, making it a focus of attention and discussion for everyone. In 2023, this catalyst will be the approval or disapproval of Bitcoin spot ETFs; What is the expected inflow size of Bitcoin ETFs in the first half of 2024; In the second half of 2024, it is the US presidential election and the cryptocurrency industry is expected to break free from the strict regulatory environment; In the first half of 2025, it is possible for central banks of various countries to establish Bitcoin strategic reserves; From the first half to the second half of 2025, the sudden rise of Bitcoin wealth management companies has become a new focus. Now in the first half of 2026, if you ask five different practitioners what is the most important single catalyst driving a significant increase in Bitcoin prices in the coming year, you are likely to receive vastly different answers, including vague trend statements such as "institutional adoption". I think that overall, a single, uncertain catalyst can no longer dominate the entire market, which is a manifestation of the industry's maturity. But at the same time, this has also created a vacuum in market attention. I think that although this may seem subtle, it is an important reason for the current weak market sentiment