The huge 'disconnect' in the crypto industry! Wall Street is getting involved, crypto adoption is growing, so why is the market still dropping? @Sei_Labs co-founder @jayendra_jog pointed out that the current market actually shows a clear sense of disconnect. On one hand, the crypto industry is making real progress: the U.S. is pushing for a clearer regulatory framework for stablecoins, institutions are moving on-chain in a big way, and more traditional players are starting to issue their own stablecoins and on-chain funds. But on the other hand, Bitcoin's price performance remains weak. Jay said he’s still very bullish on crypto because this divergence doesn’t mean there’s an issue with the overall trend. As long as real adoption continues to grow, the factors suppressing the market during the bear phase are only temporary and will gradually fade over the longer cycle.