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The CEO of Cardano (ADA) developer Input Output Hong Kong (IOHK) says the crypto space is comparable to the dot-com bubble era.
In a newly posted interview with cryptocurrency analyst Scott Melker at the Messari Mainnet Conference in Manhattan, IOHK Chief Commercial Officer Jerry Fragiskatos said: To tell Four years ago he likened the crypto space to the beginning of the Internet.
Now, he says, the crypto space rivals the dot-com bubble that followed.
In the 1990s, as the Internet became more ubiquitous, huge investments in dot-com companies created a bubble. When the dotcom bubble burst, many companies went bankrupt. However, huge successes have emerged, including Amazon. And then followed a new wave of successful internet companies like Facebook, now called Meta.
“The long game is the game. When I first started four years ago, I said it’s the ’90s of the internet. From ’99 to 2000, we’re probably at dotcom…
I still feel like I’m in that time frame. And I think we know the pulse accurately.
Fragiskatos predicts that ADA will defy criticism and emerge as a survivor of the dot-com age of the crypto space. return on investment (ROI).
Another big differentiator for Cardano is that there are not many insiders. If you look at the distribution of ADA ownership, it is mostly individuals. There are very few whales and very few insiders. There was no VC that took 40%, 50%, this is another very different thing that also comes from mission vision and cascades VC [who are] For example, where’s the ROI next year? What’s the ROI next quarter? If it’s not there, I’d say ghost chain. In addition, it has also been rewarded by its competitors. Also, they are motivated to create that FUD. [fear, uncertainty and doubt].
Time will tell, but I think we’re on the right track. And I think we’re going to be one of those things that comes out the other side of this, including, you know, doing things fast and solving things fast.
Fragiskatos agrees with Melker that Ethereum (ETH) is another blockchain project that is equally likely to survive.
As of this writing, ADA is trading at $0.32.
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