Summary
- Ju Ki-young, CEO of CryptoQuant, reported that value-based investors in virtual assets, except for Bitcoin, have become extinct.
- He stated that most investors who were waiting for "Web3 adoption" have left the market.
- He mentioned that the remaining investors have degenerated into gamblers chasing only profit.
There is a claim that people who believe in the intrinsic value of virtual assets (cryptocurrency) and invest in them no longer exist.
On the 16th (local time), Ju Ki-young, CEO of CryptoQuant, said on X (formerly Twitter), "Value-based investors have been extinct since 2018," and "Most of the people who were waiting for Web3 adoption have left the market, and those who remain have become gamblers chasing only profit." He added, "Except for Bitcoin (BTC), there is no one investing with conviction."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![[Market] Bitcoin breaks below $70,000… Korea premium at 0.31%](https://media.bloomingbit.io/PROD/news/74018332-717e-4495-9965-328fe6f56cb4.webp?w=250)
