PANews, June 21: Bitwise CEO Hunter Horsley posted on X, “In the 1990s, the internet was just emerging. Almost every idea seemed viable. Hundreds of companies, fueled by these possibilities, reached valuations of $500 million to $1 billion. By the early 2000s, this optimism faded. The number of companies competing fiercely dwindled. Instead, a few companies that truly proved their value thrived. Because they succeeded based on demonstrable value, they operated longer and grew larger than in the previous cycle. The cryptocurrency space is now undergoing a similar transformation. The number of winners will decrease, but the winners will emerge based on demonstrable value. They will be larger and operate longer than most expect.”
Bitwise CEO: Crypto Market Repeating Dot-Com Bubble, Top Projects to Outperform Expectations
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Summary
Bitwise CEO Hunter Horsley said the crypto market is mirroring the dot-com bubble, with only top projects likely to survive. He compared the current phase to the 1990s tech boom, where most failed but a few thrived. Horsley expects altcoins to watch will outperform if they show real-world value. He stressed that long-term success in the crypto market depends on proven utility, not just hype.
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