• Alex Krüger said on Wednesday that crypto has failed as an asset class, calling most tokens “worthless.”

• Despite his criticism, Krüger said blockchain adoption continues to grow through stablecoins and tokenization.

• His remarks sparked pushback from industry leaders, reigniting debate over crypto’s long-term value.

Economist Alex Krüger sparked debate across the crypto industry on Wednesday after contending that crypto has largely “failed as an asset class” even as blockchain-based applications continue gaining traction.

Krüger, the Founder of Aike Capital, said on X that most crypto assets are either “worthless” or do little to reward holders over time, while accusing many founders of exploiting weak industry…