"Ninety five percent are going to end as nothing because that's startup funding," Yoni Assia, the CEO of eToro, a social trading platform that supports a range of cryptocurrencies, told Business Insider this week.
His comments mirror those of Joseph Lubin, the cofounder of cryptocurrency ethereum, who this week compared the crypto boom to the dotcom bubble of the late 1990s that ended in a spectacular bust in the early 2000s.
The crypto boom is like the dotcom bubble but that's not a bad thing: 'Selling crypto now is like selling Apple in 2001'
Yoni Assia, the CEO of eToro, told BI this week: "95% are going to end as nothing because that’s startup funding." Many others in the industry agree. But those that do survive have the potential to be huge, he believes.
This next article dives deeper into bubbling speculations around crypto.
Cryptocurrency Bubble - Is it here? Should we be worried? - TotalCrypto
Is cryptocurrency a bubble? That’s the 800 billion dollar question. In the past, we have seen Bitcoin hit new all time highs followed by a frenzy of new investors buying their first cryptocurrency. In this article we will analyze bubbles throughout history, draw parallels with the cryptocurrency market and reveal our buying strategy for cryptocurrencies. Contents1 What Is A Bubble?2 Is Cryptocurrency A Bubble?3 Crypto Bubble. What Other Evidence Have you Got?4 What Is The Rational Price For Cryptocurrencies?5 3 Major Bubbles Of The Past And What They Can Tell Us About The Future Of Cryptocurrency?6 Common Themes Of Bubbles
Join in on the conversation with Alex Masters Lecky when you subscribe to CRYPTONICLES.