The Quiet Setup Happening While Bitcoin Is Down

Ryan Rasmussen, Head of Research at Bitwise, on why the groundwork being laid now mirrors the ETF setup that sent Bitcoin to all-time highs Bitcoin prices might be down, but it feels like a raging bull market in the vault space. Bear markets are when the foundation gets laid for the next cycle's euphoria. It happened with stablecoins, and it happened with ETFs, BlackRock filed at the end of 2022 while Grayscale sued the SEC, they launched in January, and Bitcoin hit new all-time highs after. Vaults are following the same path, infrastructure first, then regulation, then capital. #Bitwise #Vaults #Bitcoin #DeFi #Crypto