Bitcoin’s pullback matters less than what is happening underneath it.
$BTC pushed above $81K before falling back below $78K after Jackson Hole, with a more hawkish Fed message putting pressure on risk assets.
But I think the more interesting signal is the divergence between short-term price action and the structural developments underneath it.
Meanwhile, traditional finance keeps moving deeper into crypto infrastructure: SBI is investing $270M into Ajaib, Visa is expanding stablecoin payment initiatives in Korea, and BitGo is acquiring NYDIG’s trading business.
So while the market is reacting to rates and taking profits, the institutional build-out continues in the background.
Are we focusing too much on this week’s price action while missing where the underlying infrastructure is heading?
$BTC pushed above $81K before falling back below $78K after Jackson Hole, with a more hawkish Fed message putting pressure on risk assets.
But I think the more interesting signal is the divergence between short-term price action and the structural developments underneath it.
Meanwhile, traditional finance keeps moving deeper into crypto infrastructure: SBI is investing $270M into Ajaib, Visa is expanding stablecoin payment initiatives in Korea, and BitGo is acquiring NYDIG’s trading business.
So while the market is reacting to rates and taking profits, the institutional build-out continues in the background.
Are we focusing too much on this week’s price action while missing where the underlying infrastructure is heading?
