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 posted on platform X, stating that during the early stages of the internet boom in the 1990s, the market valued hundreds of companies at $500 million to $1 billion based on visions of the future. However, as the internet bubble burst, the market began to focus on enterprises that truly validated their own 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 scale 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 for leading projects with genuine practical value and capabilities could far exceed the expectations of most market participants.