Prediction evidence

"If you're in the bowels of Crypto Twitter it's the era of despair, but when you talk to Morgan Stanley or Wells Fargo, it's completely different" Bitwise CIO Matt Hougan on the gap between Crypto Twitter's despair and Wall Street's calm "If you're in the bowels of Crypto Twitter, it's the era of despair, Bitcoin is over, this is the end. But when you talk to Morgan Stanley, Wells Fargo, UBS or Merrill Lynch, it's completely different. They started reorienting around Bitcoin two years ago, and they move in decade long cycles, so they're now pointing their guns at this industry and starting to move ahead" "That's why Morgan Stanley is launching Solana ETFs even when Solana is down from its all time high. Imagine we're six months from now and Bitcoin has rallied. Twitter, in despair right now, will recast today, they'll say Bitcoin is maturing, our pullback was only 50%, it was 75% in the last drawdown, this is exactly on trend" "That's the story at Wall Street already. They're like, Bitcoin goes in four year cycles, this one looks better than the last, of course we're going to allocate. There's no worry on Wall Street. What will Crypto Twitter say in six months is the conversation happening right now on Wall Street, this is a nice pullback, a good entry point"