16.4 C
New York

Become a member

Get the best offers and updates relating to Liberty Case News.

Who is Satoshi Nakamoto? HBO’s Bitcoin Documentary Points to Peter Todd

The post Who is Satoshi Nakamoto? HBO’s Bitcoin Documentary Points to Peter Todd appeared first on Coinpedia Fintech News American pay television network, Home Box...
HomeCoinpedia NewsAre VCs the Real Reason Why Crypto Investors Are Quietly Quitting?

Are VCs the Real Reason Why Crypto Investors Are Quietly Quitting?

The post Are VCs the Real Reason Why Crypto Investors Are Quietly Quitting? appeared first on Coinpedia Fintech News

At the time the world is boastfully discussing the possibility of cryptocurrencies assuming a prominent position in the global financial landscape, an expert has brought to the table a shocking observation that could threaten all our aspirations for a crypto-led future. It’s high time we discuss this observation.

Is Crypto Facing a ‘Pervasive Quiet Quitting’ Trend? Expert Speaks 

It was Travis Kling, a cryptocurrency expert, who first revealed the trend of ‘Pervasive Quiet Quitting’. His observation deserves serious attention due to the fact that he has at least 7 years of experience in the industry, and regularly engages in discussions with high-profile crypto professionals. If his observation proves unchallengeable, we may have to accept that many people are quietly stepping away from the crypto industry. 

I’ve been focused on crypto for seven years now, running Ikigai for 6+. I’ve got a reasonably big network in (American) crypto and talk to dozens of crypto folks on a regular basis.

There has been an attitude, a stance, that I have recently observed or been told about with such…

— Travis Kling (@Travis_Kling) September 3, 2024

Disillusionment among Crypto Investors 

Kling’s observation highlights a growing sense of disillusionment among cryptocurrency investors. It calls for a rethinking of the ever-expanding ocean of projects without clear use cases. 

Bitcoin and Stablecoins Find Stability 

While pointing out the better performance of Bitcoin and Stablecoins over other cryptos, a post by Wu Blockchain emphasises the importance of finding a niche for cryptocurrencies.  

Opinion: Travis Kling: Why Crypto is experiencing Pervasive Quiet Quitting

The crypto community has lost momentum, enthusiasm, and faith in the potential of crypto projects to solve real-world problems and gain widespread adoption. VCs continue to sell off projects that have no…

— Wu Blockchain (@WuBlockchain) September 8, 2024

VCs Profiting at the Expense of Retail Investors

The post by Wu Blockchain also reveals how retail investors are being fooled by VCs, who sell off projects that offer little to no value. There is nothing wrong in assuming that this wicked strategy of VCs has further fueled the sense of disillusionment among crypto investors, particularly retail investors.

Does the cryptocurrency industry need to worry about this unwelcoming observation? What do you think? 

Also Read : US Crypto Legislation Missing from Harris’ Policy as Trump Takes Crypto Lead