Oh, la la! Morgan Stanley’s Bitcoin Bonanza: A Farce in Three Acts?
Imagine, if you will, the grandees of wealth, with their $8 trillion in AUM, deigning to allocate a paltry 2% to Bitcoin. Why, it’s enough to make one blush! Phong Le, the sage of Strategy (Nasdaq: MSTR), proclaims this would unleash $160 billion-a sum so absurd, it could triple the scale of IBIT. “Monster Bitcoin,” he quips, as if the very heavens might tremble at such folly.



![CORE dissects input features into components aligned with classification-[latex]z_{\parallel}[/latex]-and orthogonal residuals-[latex]z_{\perp}[/latex]-the latter of which encodes a membership signal demonstrably more discerning than simple confidence metrics and inherently undetectable by methods relying solely on logits.](https://arxiv.org/html/2603.18290v1/x5.png)

