DeFiance Capital founder: The encryption market may have entered the late stage of the 'fat protocol theory'

PANews March 13th news, DeFiance Capital founder and chief investment officer Arthur said on social media that the encryption market may have entered the 'fat protocol theory' endgame, which has caused long-term damage to the investment value of encryption assets other than Bitcoin. He pointed out that the successful application project valuation is usually 5 to 15 times the revenue, while the valuation of infrastructure projects that have not seen a rise in the past two years still remains as high as 150 to 1000 times the revenue. He believes that the speculative premium bubble of encryption infrastructure has officially burst.