Jeff Park: The crypto industry is in the middle ground of development

Bitwise consultant Jeff Park stated that the cryptocurrency industry is currently in a "middle ground" of development, similar to the AI field in 2015. He believes that the fundamental value of unlicensed currencies has been understood, and the ultimate outcome of on chain capital markets is relatively clear, but the lag in institutional infrastructure has become the main obstacle, including AML/KYC compliance, offshore capital pipelines, bank risk control models, etc. He also pointed out that Bitcoin is a currency experiment born from technological evolution, and most cryptocurrency projects are technology experiments born from currency evolution. The ultimate winning ideology will be "technological financialization".