Andrew BigBerg retweetledi
Heres whats going on with Crypto simply put 👇
$10B valuations for chains generating <$5k/day never made sense.
This isn’t just attacking Cardano either - it’s almost ALL chains.
The bubble didn’t “burst” from bad news - we simply ran out of new participants/fools.
So this is what will happen IMO:
- Most alts will continue to decline much more than they have
- Most ecosystem tokens will go to zero and run out of funds
- Revenue metrics will become increasingly important - PMF with non crypto users will be paramount
- New token sales/projects will have a much higher bar and raise less money on average - less projects will launch tokens and just go private funding routes
- CT will continue to fade out as new people don't come in due to high failure rate and high learning curve
- Eventually money will swing to BTC as people cash out on their eco/alts for something more secure (they lose belief in the ecosystems). You may see some flow into a handful of institutional adopted chains (Eth/Sol most likely and maybe add in Base)
- There will be a period where a portion of new AI builders will leverage Crypto as a way to early fundraising and support. The key here is not just funding, but leveraging Crypto as a distribution vehicle (most important aspect coming as AI product saturation comes)
- You will have the occasional runner on Meme coins and the small handful of projects that were able to break out of CT and leverage their community/brand to do something dope. These will be the life-changing gems. Opportunities will still be here just harder to come by.
- Top young talent will be less interested in Crypto and far more interested in AI. The top new businesses will be in AI and that has replaced cryptos position from 4-5 years ago as the talent attracter.
Now this is a more pessimistic view (or too early) - we could see the opposite play out as the money machine turns on and people chase crypto as a speculative higher upside play compared to stocks/other assets that already ran hard.
I just think theres a higher chance that institutions will develop their own solutions and retail has gotten burned so many times that most of them don't trust the industry and are better off with other assets.
I still will always be bullish on BTC and the handful of savage founders building/adapting in the space 💯
English
