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BlockTower Capital CIO and co-founder Ari Paul laid out a starkly bifurcated view of the Bitcoin and crypto market on X late Monday, arguing the current drawdown could either mark a permanent peak in “organic adoption” for today’s crop of liquid tokens or simply a higher-timeframe correction before another speculative leg higher.
Paul said he’s “50%/50% between two scenarios,” framing the split as a practical portfolio problem rather than a call for a single narrative. The post landed into…
