Key highlights:
- Hunter Horsley says cryptocurrencies are undergoing their post-dot-com moment.
- The Bitwise CEO tipped crypto projects with real-world utility to emerge as winners from the crypto winter.
- Investors are turning their gaze from speculative projects to invest in projects with real-world use cases.
Amid an extended crypto winter, Bitwise CEO Hunter Horsley opines that only a handful of digital asset companies will emerge as winners. While comparing digital assets to the “post-dot-com” era of the early 2000s, Horsley added that the crypto companies that will succeed are those that show “demonstrable merits.”
Bitwise CEO compares crypto to post-dot-com internet era
Hunter Horsley has compared the current digital asset market conditions to the bust of the dot-com bubble in the early 2000s, noting that a similar transition is underway in crypto. The Bitwise CEO noted that before the dot-com crash, internet-based companies raked in large valuations without solid fundamentals.
“In the 90s, the internet was new. Almost every idea seemed plausible,” Horsley wrote. “In the early 2000s, the optimism had burst.”In his against the founder.
Source:: Bitwise CEO Predicts Long-Lasting Crypto Winners After Market Shakeout