Crypto is too big for a bull or bear market narrative, says Re7 Capital founder [Yahoo! Finance]
Mastercard Incorporated (MA)
Last mastercard incorporated earnings: 4/29 08:00 am
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Source: Yahoo! Finance
According to Evgeny Gokhberg, founder of Re7 Capital, the industry has become too broad, too liquid, and too fragmented for a single narrative to capture what is actually happening. During a recent interview on TheStreet Roundtable , Gokhberg pushed back on the idea that falling token prices define the health of the sector. Related: Tokenization will determine whether Solana can close the valuation gap with Ethereum, says analyst He recalled a conversation with an friend who asked whether crypto might be dying after seeing small cap tokens down as much as 90%, and argued that the visibility of crypto exaggerates failure in a way other industries never experience. “So crypto's problem is that everything is liquid and very visible and very loud,” he said. “Imagine if every single startup in Silicon Valley would have been publicly listed on a stock exchange on day one. Can you imagine the volatility , the noise, the drama and the percentage of them that would go into the ground?
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