Crypto Treasury Narrative Bears Striking Similarly to Dotcom-Era Thinking
The crypto treasury narrative, which has become a major feature of the current market cycle, parallels investor sentiment from the dotcom era of the late 1990s and early 2000s, which caused the stock market to sink by about 80%, according to Ray Youssef, founder of peer-to-peer lending platform NoOnes app.
The same overzealous investor psychology that led to over-investment in early internet and tech companies during the dotcom crash has not disappeared due to the presence of financial institutions in crypto, Youssef told Cointelegraph. He said:
“Dotcoms were an innovative phenomenon of the emerging IT market, alongside major companies with serious ideas and long-term strategies, the race for investment capital also attracted…
