Crypto projects need more visionary funding for long-term growth
It’s time to move past market hype and focus on sustainable development.
Opinion by: Kori Higgins, director of investor relations and growth at the Web3 Foundation
The euphoria that erupted in crypto markets following the outcome of the US presidential race solidified Bitcoin’s status as a mature asset class in the eyes of the global investor community. The recent market backdrop unleashed arguably the most potent crypto bull run in its 16-year history, pushing the price of Bitcoin (BTC) past the $100,000 barrier.
The fervent activity of institutional investors further propelled Bitcoin’s recent price rally. While most in Web3 welcome the inflow of institutional money into crypto, the level at which these investors will drive innovations forward and support true breakthroughs in Web3 technology is questionable.
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Author: Kori Higgins
