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Lambo Mentality Wrecks the Crypto Dream Naval’s got it nailed: “Most crypto projects crash because founders hit payday too soon, then can’t just make their way to success in those silk sheets. Kyle from Multicoin backs it up, suggesting the best founders are fuelled by vision, not just money. Bottom line: Always keep an eye on a projects long-term philosophy.
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🚨BREAKING 🚨 Prominent Angel Investor Explains Why Most Crypto Projects Die American entrepreneur Naval Ravikant, who is known as one of the most prominent angel investors in Silicon Valley, has opined that most cryptocurrency projects end up dying because their founders get rich "too early." The AngelList founder has backed various cryptocurrency projects, including self-custody platform Casa. Ravikant's most recent take has attracted a lot of attention from the investment community. In response to Ravikant's post, Aaron Jacobson, marketing lead at the X social media platform, has commented that a lot of cryptocurrency projects fail to survive due to the fact that they come up with their own tokens with questionable decentralization instead of building on top of existing cryptocurrencies (such as Bitcoin). "Most crypto projects die because they tried to fund the project with a token controlled by the founding team (it is always controlled unless BTC), rather than build on a currency that already exists," he said. Source:U Today
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Starting today, Argentina’s Central Bank (BCRA) will host a unique art exhibit, becoming the first financial institution to display live 💰 Bitcoin mining ⛏ #Write2Earn!
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