Veteran cryptocurrency influencer Lark Davis suggests Bitcoin's current consolidation phase is a precursor to significant growth, citing growing institutional interest and the upcoming launch of Bitcoin ETFs in Hong Kong. Morgan Stanley's decision to allow brokers to recommend Bitcoin ETFs to clients is highlighted as a key factor that could bring substantial institutional capital into the crypto market. Despite a bearish short-term market sentiment, Davis points to the resilience and confidence in Bitcoin's future, supported by data showing most holders remain in profit.