Odaily Planet Daily reports that Bitwise CEO Hunter Horsley recently posted on X platform stating that one of the core issues Bitcoin currently faces is the lack of a “Schelling point-style price catalyst” sufficient to establish consensus.
Horsley explained that a “Schelling point catalyst” refers to a decisive positive event once it occurs, which is widely recognized by the market as a significant bullish signal, thereby substantially driving up Bitcoin’s price. Over the past few years, such catalysts have appeared multiple times:
In 2023, market focus was on whether Bitcoin spot ETFs would be approved;
In the first half of 2024, attention shifted to the actual capital inflow into Bitcoin ETFs;
In the second half of 2024, the core narrative centered on the U.S. presidential election and the anticipated improvement in cryptocurrency industry regulation;
In the first half of 2025, discussions arose around establishing a national-level Bitcoin strategic reserve;
Subsequently, the rapid rise of Bitcoin asset management companies became a new market focus.
He pointed out that by the first half of 2026, when asked by many industry practitioners about the key factors that will drive a significant increase in Bitcoin’s price over the next year, the answers are often scattered or even contradictory, including broad trend judgments like “institutional adoption.”
Horsley believes that, overall, single and uncertain catalysts are no longer able to dominate the entire market trend, which is itself a sign of the industry’s gradual maturity. However, at the same time, this also creates a “vacuum of attention” in market narratives, lacking a unified focus.
He summarized that this seemingly subtle change is actually one of the main reasons for the current market sentiment remaining weak.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
BTC breaks below $71,000
Jinse Finance reports that BTC has broken below $71,000, currently trading at $70,989.77, with a 24-hour decline of 0.11%. The market is experiencing significant volatility, please ensure proper risk management.
金色财经_4m ago
Best Crypto Presale: DeepSnitch AI Rallies 205% as Investors Choose AI Tech Over Washed-Up Presales Like Bitcoin Hyper and BlockchainFX
European Bitcoin treasury companies are merging to survive, and doing it without selling a single coin. Sweden’s H100 Group is acquiring two Norwegian Bitcoin firms in an all-stock deal, jumping from 44th to 27th globally in Bitcoin treasury rankings overnight.
But while institutions are mergi
CaptainAltcoin16m ago
Analysts Grow More Confident Over Bitcoin’s Final Rally in 2026, Bullish Then Bearish
Analysts grow more confident over Bitcoin’s final rally in 2026.
A bullish rally is expected first before a major fall in prices.
The price of Bitcoin is expected to fall as far as the $30,000 price range.
The crypto community is once again pleased to see the price of BTC trading over t
CryptoNewsLand20m ago
Bitcoin Faces Two Price Scenarios as Strait of Hormuz Tensions Dominate Oil Market
Recent market analysis from Wintermute indicates that geopolitical tensions in the Strait of Hormuz could significantly impact Bitcoin prices in the short term. If transportation normalizes and oil stabilizes around $100 per barrel, Bitcoin might test resistance levels between $74,000 and $76,000. Conversely, if shipping restrictions persist or conflicts escalate, Bitcoin could drop to around $60,000 due to increased macroeconomic pressure and cautious investor sentiment.
TapChiBitcoin20m ago
Bitcoin ETFs Snap Three-Day Outflow Streak With $167M Inflows
U.S. spot Bitcoin ETFs saw a strong rebound with $167 million in net inflows, largely driven by BlackRock’s fund. In contrast, Ethereum ETFs continued to struggle with ongoing outflows. Despite weak market sentiment, institutional confidence in Bitcoin remains strong.
Coinfomania28m ago
