Is Crypto Dull Now? CEO Thinks It’s Actually ‘Winning’ (Really?)

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Well, well, well… The buzz around “Uptober” has fizzled faster than a soda left open overnight, and Bitcoin is struggling to hold onto $110,000 like a kid holding onto their last piece of candy. The mood in the crypto market? Let’s just say it’s about as cheery as a Monday morning. 😩

Crypto Vibes Are ‘Sad’ Despite Some Adoption-Oops!

On Thursday, the ever-optimistic investor and analyst Will Clemente tweeted on X (yep, that’s still a thing) that “the vibes in the crypto group chats are just sad.” Apparently, the once vibrant crypto crew now feels “jaded, depressed, and defeated.” Who knew investing in crypto could feel like a breakup? 😬

Bitwise’s CEO, Hunter Horsley, decided to grace us with his wisdom, assuring us that “Crypto natives are now in a multi-month bear market sentiment.” Translation: Get comfy, folks, it’s going to be a while. However, he did add a little sunshine to the storm, claiming that “off-Twitter” sentiment is actually “the best it’s ever been.” Guess Twitter’s the real villain here. 😒

Horsley’s optimism is based on a decline in regulatory risk, which has somehow led to more institutions hopping on the crypto train. But who can blame them? The only way for crypto to go is up… at least, that’s what they tell us. 🙄

In more upbeat news, the second wave of crypto ETFs started trading this week, with Bitwise’s Solana Staking ETF (BSOL) making a big splash. Meanwhile, the Digital Asset Treasury (DAT) trend continues to flood crypto with millions. Seems like there’s some money to be made, just not the exciting kind. 💸

“The market is changing,” Horsley wrote on X. And he’s not wrong-remember when JPMorgan’s CEO, Jamie Dimon, called crypto a “Ponzi scheme” and said it was as “useless as a pet rock”? Well, guess what? Dimon admitted he was wrong. Crypto is “real.” Surprising, right? Who knew he’d change his mind? 😲

Is The Market ‘Boring’ Or Just Grown Up?

In response to Clemente’s post, Nic Carter came through with his own little philosophical moment. He thinks the crypto market has matured, which is probably another way of saying, “It’s less exciting, but we got this.” Apparently, the drama that once made crypto thrilling has been replaced with… maturity. How dull.

“So many of the open questions have been answered… will we all go to jail for writing software? No. Will we be banned? No. Will we be incorporated into traditional finance? Yes. Can tokens have cash flows without being considered securities? Probably.” Sounds like a lot of the exciting chaos is behind us. 😒

Carter argues that crypto has “been derisked,” which is basically Wall Street’s way of saying, “We’ve got it under control now, thanks.” Big corporations are now jumping in, and crypto no longer feels like the wild, unpredictable beast it once was. But hey, that’s maturity for you, right? 👴

And while Carter feels this is a victory, he warns that winning means less excitement. And you know what that means, right? Less volatility. Less unpredictability. Less drama. If you were hoping for another wild crypto rollercoaster, guess you’ll have to settle for a smooth ride instead. 😐

So, if you’re bummed that the volatility has calmed down, just smile through those tears. It’s not the crypto party you wanted, but hey-at least we “won.” 🎉

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2025-11-01 09:34