Bitwise CEO: Crypto Market Is Replaying the Dot-Com Bubble, Top Projects Will Exceed Expectations in Scale and Lifespan

CoinFeed, June 21 – Bitwise CEO Hunter Horsley stated on X, "In the 1990s, the internet was just emerging. Almost every idea seemed viable. Hundreds of companies, riding on these possibilities, reached valuations of $500 million to $1 billion. Entering the early 2000s, that optimism faded. No longer were hundreds of companies competing. Instead, a few that truly proved their value thrived. Precisely because they succeeded with provable value, they operated longer and at a larger scale than in the previous cycle. The crypto space is undergoing a similar shift. The number of winners will decrease, but the winners will stand out with provable value. They will be larger in scale and operate longer than people expect."