Bitwise Advisor Compares Crypto Industry to the 2015 AI 'Middle Ground' Phase

ME News reports that on May 25 (UTC+8), Bitwise advisor Jeff Park published a post outlining his bullish rationale for the crypto industry. He compared the current state of crypto to the AI sector around 2015, when Jensen Huang had already invested for years in GPU parallel computing and CUDA, and Elon Musk had recognized AI’s potential—yet it would still take another decade for the broader public to fully grasp its significance. Jeff Park cited Musk’s 2015 GTC remarks on autonomous driving: “0–10 mph and above 50 mph are relatively easy to solve; the hardest part is the ‘middle ground’ of 10–50 mph.” He argued that the crypto industry is currently in this same phase: the foundational value of permissionless money is understood (0–10 mph), and the ultimate vision of on-chain capital markets is clear (50 mph+), but the biggest hurdle remains institutional infrastructure still stuck in the pre-internet era—AML/KYC compliance, offshore capital pipelines, outdated banking risk models, and lagging reporting mechanisms collectively form this “middle ground” barrier. He also distinguished between Bitcoin and crypto的本质差异: Bitcoin is a monetary experiment born from technological evolution, while most crypto projects are technological experiments driven by monetary evolution. In his view, the ideology that will ultimately prevail in crypto is not decentralization itself, but “technological financialization”—the outward delivery of sovereign finance, agent infrastructure, and self-sovereignty as public goods, centered on hyper-financialization. (Source: Foresight News)