Bitwise CEO: Crypto Sector Undergoing a Shift Similar to Post-Dot-Com Bubble

CoinFeed June 22 news, Bitwise CEO Hunter Horsley posted on X stating that during the rise of the internet in the 1990s, hundreds of companies received valuations of $500 million to $1 billion based on potential; after the bubble burst in the early 2000s, only companies that proved their value could thrive, running longer and growing larger by building on demonstrable advantages. He believes the crypto sector is undergoing the same shift, with fewer winners, but those winners will be built on demonstrable advantages, and their scale and durability will exceed expectations.