Economist Alex Krüger Says Crypto Failed as Asset Class but Bitcoin and Blockchain Remain Relevant
Lightly toasted, lightly seasoned, mostly correct.
Summary
Economist Alex Krüger argues that crypto has largely failed as an asset class, calling most crypto assets "worthless" and accusing founders of exploiting weak regulations to sell tokens to retail investors. He points to the meme-coin boom and DeFi exploits as factors damaging investor confidence. However, Krüger maintains that Bitcoin and blockchain technology still hold value and relevance.
Key quotes
· 3 pulledcrypto has largely 'failed as an asset class'
most crypto assets are either 'worthless' or do little to reward holders over time
accusing many founders of exploiting weak industry guardrails and selling tokens into retail demand
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