Founder of DeFiance Capital: Crypto market may have entered the end stage of "fat protocol theory"
2025-03-13 07:34:02
Arthur, founder and chief investment officer of DeFiance Capital, said on social media that the crypto market may have reached the end of the "fat protocol theory", which has caused long-term damage to the investability of crypto assets other than bitcoin. He pointed out that successful applications are typically valued at 5 to 15 times revenue, while infrastructure projects that have barely grown in the past two years are still valued at 150 to 1,000 times revenue. He believes that the speculative premium bubble in crypto infrastructure has officially burst.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
机构分析：美国经济基本面显示无需急于降息
