Cryptocurrency startups around the world have raised billions of dollars over the last 18 months to build software companies that they hope will rewrite the rules of everything from voting to stock trading.
But even many cryptocurrency advocates expect the majority of projects to fail.
Investing in crypto now is “as good as an investment in the internet 10 years ago,” Assia said, suggesting that blockchain could be as transformative as the internet has been. “Tesla made 2,000%, Facebook made 1,000%, Google made 1,000%. This is the same thing but earlier in the cycle.”
“My long-term view is selling crypto now is like selling Apple in 2001,” Assia, who is invested in bitcoin and ethereum, said. “You do it if you have to do it, you don’t do it if you don’t have to do it. That’s my personal view, again, every person has to decide for themselves.”
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