Despite some 'Ponzi schemes', this fundie thinks crypto will bounce back stronger
Given we’re in a bear market right now, what about the Web3 share of the fund? Obviously, it’s going down, and this is why the allocation is small. But we’re figuring things out over a five to seven year timeframe, and while the current downdraft is putting some drag on the portfolio, to me, it’s actually pretty good in terms of cleaning up a lot of the bad stuff in the space. Bitcoin and other cryptocurrencies had a tough six months. Credit: AP And what regulators are trying to implement, within a clear framework and legislation, is to avoid this. What happened today is a rerun of what happened in traditional financial services over the years. That’s very clear when you look at some of the influences in the Web3 space. It doesn’t cease to amaze me that people are taking on so much influence in a space that is already growing so fast. Why would you want to do that? Yeah, when you look at things like the Celsius drawdown pause and the interest rates they offer, I mean, do people rea