Bitwise CEO: The Internet Bubble History Is Repeating in the Crypto Market, and Future Winners May Far Exceed Market Expectations

Odaily Planet Daily News: Bitwise CEO Hunter Horsley said on the X platform that in the early stages of the internet's rise in the 1990s, the market gave hundreds of companies valuations ranging from $500 million to $1 billion based on expectations for the future. However, as the internet bubble burst, the market began to focus on enterprises that truly demonstrated their value and business models.

Hunter Horsley believes that the internet companies that ultimately emerged victorious achieved sustained growth through verifiable actual results, with their development cycles and scales far exceeding market expectations during the bubble period.

Hunter Horsley stated that the crypto industry is currently undergoing a similar transformation. The number of projects that can stand out in the future may decrease, but the scale and duration of sustained growth of truly valuable and capable leading projects could far exceed the expectations of most market participants.