Yi Hehua: Crypto Market Disappointing for Nearly 4 Years, Crypto Middle Class, Retail Investors, and VCs All Rekt
BlockBeats News, March 27th, Liquid Capital (formerly LD Capital) founder Daniel Wang wrote that the cryptocurrency market is in a bear market, with the second battle not over and no decent rebound in sight. The cryptocurrency market has been disappointing for nearly 4 years, with the 2011 crash reaping the middle class of crypto, the altcoin death spiral reaping the retail investors, the 13 rules reaping the crypto VCs, and exchanges, market makers, and project parties only seeing a continuous bloodletting, with the only transfusions coming from Wall Street's spot ETF and crypto treasuries companies, along with a few believers. The disruptive innovation in the crypto field has yet to occur.
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