
Thang Tran
@tamqn0987
1327 Following
133 Followers
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ETH is a...dead investment, VCs say
ETH’s performance against BTC is at its lowest in nearly 5 years, making many impatient.
Quinn Thompson, of Lekker Capital, bluntly stated: “Ethereum is a $225B network, but its transactions, users, and revenue are plummeting. It’s still valuable from a functional perspective, but it’s no longer viable as an investment.”
Nic Carter, of Castle Island Ventures, agreed: “The greedy Layer2s have sucked all the value out of Ethereum, and the community has tacitly agreed that indiscriminate token creation is acceptable. ETH is dead by its own hand. It’s been buried under an avalanche of its own tokens.” 0 reply
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