BlockTower Capital Founder Estimates Viability of Bitcoin
Ari Paul, founder of the BlockTower Capital crypto fund, has said that cryptos are now going through a period that is vaguely reminiscent of the dot-com crash in 2000. At the same time, Bitcoin has the highest chances of survival.
He has said that in a bull market, it’s easy to overlook the industry’s problems. According to him:
“High returns in DeFi? This is not an indicator of the imminent default of counterparties, but free money. The permanently idle Solana is seen as a cost to growth. Ether scaling delays and The Merge issues seem minor. Securing the Bitcoin network – we will figure it out over time.”
With the advent of bearish sentiment, abstract optimism leaves the market because people hold billions of dollars in various coins:
“Then questions arise: is the assessment reasonable? Is the approach fundamental in terms of indicators? Will existing leaders survive in 5-10 years?
