Bitwise Advisor: The Crypto Industry Is in a 'Narrow Window Period' Similar to AI in 2015

According to a report by Jinse Finance, on May 25, Bitwise advisor Jeff Park published an article explaining his bullish outlook on the crypto industry. He compared the current state of the crypto industry to the AI field around 2015. At that time, Jensen Huang had already been betting on GPU parallel computing and CUDA for years, and Elon Musk had recognized the potential of AI, but widespread public awareness was still a decade away. Jeff Park cited Musk's remarks on autonomous driving at GTC 2015: 0-10 mph and above 50 mph are relatively easier to solve, but the most challenging part is the "middle zone" of 10-50 mph. He believes the crypto industry is currently in this stage: the fundamental value of permissionless currency has been understood (0-10 mph), and the endgame of on-chain capital markets is sufficiently clear (50 mph+). However, the most difficult breakthrough at present lies in institutional infrastructure, which remains stuck in the pre-internet era. AML/KYC compliance, offshore capital pipelines, banking risk control models, and outdated reporting mechanisms collectively form the resistance in this "middle zone." He also distinguished the essential difference between Bitcoin and crypto: Bitcoin is a monetary experiment born from technological evolution, while most crypto projects are technological experiments born from monetary evolution. In his view, the ideology that will ultimately prevail in the crypto industry is not decentralization itself but "technological financialization." This means focusing on hyper-financialization, exporting sovereign finance, intelligent agent infrastructure, and self-sovereignty as public goods.