‘There Will Be More Billion-Dollar-Plus Failures In Crypto Than In Any Other Industry In History,’ Bitwise Investment Chief Says
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
Investing in cryptocurrency assets is like investing in early-stage startups, according to Bitwise investment chief Matt Hougan.
“You’re hunting for black swans,” Hougan said in a memo to investors on Sept. 29, highlighting a need for diversification. “If you find one, the return potential is massive. But you have to expect many of your investments will fail. Even the large ones. Ethereum, Solana, Ripple, Aave, Hyperliquid, Chainlink: Nearly every crypto project in existence could fail. In fact, my guess is there will be more billion-dollar-plus failures in crypto than in any other industry in history.”
Don’t Miss:
…
