According to BlockBeats, on June 21, Arthur Cheong, founder and CEO of DeFiance Capital, said on social media that the crypto market may be maturing and may not experience dramatic fluctuations of a 70-80% drop every two years in the future. Instead, it may experience complex long-term growth like the S&P 500 index after the global financial crisis in 2008.
Arthur Cheong also pointed out that if a similar situation occurs, most altcoins may not be suitable for investment, but some altcoins may bring amazing returns. He hopes that we can see success stories like Nvidia every few years, but most altcoins may disappoint investors.
