As the cryptocurrency market experiences a sharp rebound, CoinShares CEO Jean-Marie Mognetti has cautioned investors against conflating rising prices with genuine value. In remarks reported by CoinPost, Mognetti warned that many digital assets are climbing simply because risk appetite is returning, not because their underlying fundamentals have improved.

Market Rebound vs. Fundamental Value

Mognetti noted that investor sentiment had been at one of its lowest points in recent years just a month ago. The recent uptick in prices, he argued, does not signify that every cryptocurrency now possesses a viable use case or economic model. He pointed to the fact that more than 100 crypto projects have shut down or disappeared from the market…