Renowned investor & web entrepreneur, Jason Calacanis, said that 99% of altcoin projects are “gabage” run by unqualified individuals, but holds out hope for the 1% with the power to change the world.
In line with a recent official Tweet posted on 27th June, behind ridesharing app Uber and crypto trading app Robinhood, nearly all of the crypto projects round the world are under the control of “unqualified idiots” or “grifters” with even below-average skills:
However, Calacanis added that the projects with the foremost potential lacking these undesirable qualities are what perks his interest: “I’m expecting that 1% to deliver their product so I can talk to heir customers.”
DeFi Tokens Performing Better Than Bitcoin
As reported earlier, several DeFi tokens including Aave [LEND] as well as MakerDAO [MKR] had posted double-digit gains. Many altcoin were even able to outbreak Bitcoin [BTC], that dipped below $9,000 USD again.
Calacanis’ views on Bitcoin have changed. Earlier in May 2019, he predicted Bitcoin [BTC] would attend the bears, with the worth likely to fall to $500 USD, if not zero. However, during a recent interview with Anthony Pompliano, the entrepreneur said he is thinking to invest around 3% of his net worth into Bitcoin.