Four Horsemen Destroying Crypto According to One o
Four Horsemen Destroying Crypto According to One of Wall Street’s Top Digital Asset Investors
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Four Horsemen Destroying Crypto According to One of Wall Street’s Top Digital Asset Investors
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While many investors continue asking why crypto prices have remained weak, ARCA CIO Jeff Dorman says the question itself is flawed. Speaking on the AllInCrypto podcast, Dorman argued that several parts of the blockchain industry are actually thriving despite Bitcoin’s recent struggles.
The veteran investor covered a wide range of topics, including token valuations, AI-driven productivity, and challenges facing Strategy, while also pointing to broader structural issues across the crypto industry.
“Crypto is down is the wrong question.” Markets go down when the Fed is late to cut rates when they’re late to see recessions when they’re late to see unemployment.
Dorman says crypto shouldn’t be treated as one single market anymore since different sectors are moving very differently. He notes Bitcoin has been under pressure, partly due to Strategy-related concerns, while areas like DeFi, stablecoins, payments, and RWAs are actually growing and trading higher YTD thanks to real usage and revenue.
He also points out that the market is starting to reward real value accrual, with Hyperliquid (HYPE) as an example of projects with strong revenues separating from pure speculation. Overall, he sees this as a sign the crypto market is maturing.
“Misinformation is probably the biggest negative driver of price performance.”
Moving on talking about price factor, Dorman criticized what he called crypto’s “four horsemen of incompetence”: exchanges, market makers, venture capital firms, and token issuers.#2026 World Cup Posting Challenge on HTX Square #HTX Creation Challenge — Post and Win 1,500U 💥
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