As crypto prices plummet, the high-profile entrepreneurs and investors with a steep financial stake in technology have tried to keep a positive attitude. The exception is Evgeny Gaevoy, the founder and CEO of the leading crypto trading firm Wintermute. In the latest episode of Fortune’s Crypto Playbook podcast—available on Spotify, Apple, and YouTube—Gaevoy explained why he believes blockchain has strayed from its cypherpunk roots.
In a viral thread on X from earlier in February, Gaevoy argued that despite a number of tailwinds supporting crypto, from a pro-blockchain government to Wall Street adoption, the industry has been subsumed by a “number go up” philosophy. He contrasted this to Bitcoin’s founding ideals as a…
