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The Crypto Trader's Mindset | 1000x
On The Margin
Cryptocurrency
There are protocols with working products in DeFi at 30 to $60 million valuations and their venture deal is getting funded at 30 million dollars pre-product right now. You start to realize that because of the recent collapse in crypto a Lot of valuations have come back down to earth. And so you sort of have this really nice market environment where you can be both a long-term investor and get in at reasonable valuations for some. But there's obviously still a bunch of very overvalued things in crypto and I think that will that that will persist.
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