Home Cryptocurrency The Angel Investor Finds Majority Of Crypto Projects Are Garbage

The Angel Investor Finds Majority Of Crypto Projects Are Garbage

  • Recently the popular investor of Uber and Robinhood Jason Calacanis shared on this twitter page regarding cryptocurrencies.
  • According to him, almost all crypto projects run by the ‘delusional’ founders or unqualified idiots.
  • Though, Jason’s perception towards Bitcoin has completely changed.

Recently the popular investor of Uber and Robinhood Jason Calacanis shared on this twitter page regarding cryptocurrencies. According to him, almost all crypto projects run by the ‘delusional’ founders or unqualified idiots.

A Fraction Of Digital Assets Have Potential

With the tweet, Jason mentioned that there is 1% hope for the altcoins that claim the status of promising projects. He believes that 1% could change the world.

As per the prominent investor, only a portion of the digital asset has the potential and is a quality product. For him, other cryptocurrencies are not only junk but also harmful for the investors. Because these cryptocurrencies are created by the individuals that do not belong to the blockchain ecosystem, he added.

Past week, it was noted that many DeFi tokens such as MarkerDAO (MKR), Aave (LEND) have got double-digit gains. However, many of the altcoins have surpassed Bitcoin that tumbled below $9,000 many times.

Jason Views Are Variant For Bitcoin

Though, Jason’s perception towards Bitcoin has completely changed.  In a recent interview with Anthony Pompliano, Jason admitted that he will be soon going to invest 3% of his capital in BTC. Moreover, Jason observed the high capability of BTC technology which is capable of changing the financial framework.

His flip flop reaction towards cryptocurrencies shows that he is not sure whether to buy it or not. In discussion with Pomp, he notified that Bitcoin is performing stable and is trading in this range is very promising. On the other side, in May 2019, the angel investor predicted that BTC price will likely to drop $500.

Jason is a noticeable investor, entrepreneur, and author. He is famous due to his angel investments in Uber, Robinhood, and Trello.

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Priyanka Kulkarni
Priyanka Kulkarni, post-graduated in Business Administration holds worthy experience in market research and investment banking. She is passionate to flaunt her perception towards cryptocurrencies.

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