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Bitwise CEO: The crypto market is reenacting the internet bubble, with leading projects' scale and lifecycle exceeding expectations

2026-06-21 07:27:50

Abstract generation in progress

Mars Finance News, Bitwise CEO Hunter Horsley posted on the X platform, saying, "In the 1990s, the internet was just emerging. Almost every idea seemed feasible. Hundreds of companies, driven by these possibilities, reached valuations of $500 million to $1 billion. By the early 2000s, this optimism faded. No longer were hundreds of companies competing for dominance. Instead, a few companies that truly proved their value thrived. Because they succeeded based on proven value, they lasted longer and grew larger than in the previous cycle. The cryptocurrency space is also experiencing a similar shift. The number of winners will decrease, but those that remain will stand out due to proven value. They will be larger in scale and operate longer than people expect."

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