🔥While organizations are still intoxicated by the mindset of locking in long-term capital to seek low-liquidity premiums, Jeff Park, Portfolio Director at Bitwise, believes they are missing the most important aspect of crypto: liquidity and volatility.

Park points out that in April 2024, even though Bitcoin dropped 7%, market making strategies still achieved an annual profit of 70%, while arbitrage brought in 40%. This is clear evidence that crypto can generate alpha daily, rather than waiting decades like private equity or venture.

The market also shows exceptional scale: in May 2025 alone, spot and futures trading of Bitcoin reached 2.5 trillion USD. However, according to Park, organizations still allocate heavily towards venture crypto, a practice that narrows their approach and overlooks the inherent scalability of the liquidity market.

In particular, Park sees the volatility of crypto as an advantage. He emphasizes: if the S&P 500 has actual volatility close to 70%, then the expected returns from private equity will be completely different. With crypto, volatility itself is the opportunity for organizations to capitalize on in the short term.

Bitwise's message is clear: anyone who wants to become the next investment icon must abandon the outdated venture model and instead leverage the liquidity, volatility, and short-term profitability potential of crypto.