In 2017 and 2018, thousands of entrepreneurs were attempting to launch their own crypto project to capitalize on the bubble-like conditions. Due to the mania, there are now over 5,000 digital assets listed on CoinMarketCap — and there are likely thousands of others that failed to make the cut. Unsurprisingly, not everyone is convinced that all players in such a saturated market have value. One prominent venture capitalist, in fact, went as far as to say that 99% of crypto projects are simply “garbage.” Related Reading: DeFi Effect: Scaling Debate Begins as Ethereum Fees Reach Two-Year Highs Most Crypto Projects Are “Garbage” Jason Calacanis is a prominent entrepreneur, author, and angel investor. If you’ve heard of him, it’s likely because of his angel investments in Robinhood, Uber, and Trello. He’s also interested in the crypto space. In 2019, he was bearish, postulating that Bitcoin could fall to $500. Yet, the investor has recently begun to change his mind, telling Morgan
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