Hunter Horsley, CEO of Bitwise, said that the encryption industry is undergoing a transformation similar to that after the Internet foam, and future winners will rely on real value and practical ability to succeed. During the Internet foam in the 1990s, hundreds of companies once obtained a valuation of 500 million to 1 billion dollars, and then only a few companies that proved their value stood out and achieved a longer cycle and larger scale development. Nowadays, the number of winners in the cryptocurrency industry will decrease, but its size and sustained growth time will exceed expectations.
