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

Odaily reported that Bitwise CEO Hunter Horsley posted on platform X, stating that during the early rise of the internet in the 1990s, the market gave hundreds of companies valuations between $500 million and $1 billion based on imagination about the future. However, as the internet bubble burst, the market began to focus on enterprises that had truly proven their value and business models.

Hunter Horsley believes that the internet companies that ultimately succeeded achieved sustained growth through verifiable actual results, with 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 sustained growth duration of truly valuable and capable leading projects could far exceed the expectations of most market participants.