Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»Hedge Fund Veteran Claims Cryptocurrencies Are Facing a ‘Quiet Abandonment’ Crisis, Reveals Catalyst That Could Trigger Altcoin Revival
ALTCOIN NEWS

Hedge Fund Veteran Claims Cryptocurrencies Are Facing a ‘Quiet Abandonment’ Crisis, Reveals Catalyst That Could Trigger Altcoin Revival

By Crypto FlexsSeptember 10, 20244 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Hedge Fund Veteran Claims Cryptocurrencies Are Facing a ‘Quiet Abandonment’ Crisis, Reveals Catalyst That Could Trigger Altcoin Revival
Share
Facebook Twitter LinkedIn Pinterest Email

The cryptocurrency sector is currently experiencing a “quiet abandonment crisis,” according to a hedge fund and digital asset expert.

A popular term in 2022 is ‘quiet quitting’, where employees do the bare minimum required for their jobs and ‘stop’ thinking about doing anything else.

Travis Kling, founder and chief investment officer of Ikigai Asset Management, said the phrase accurately captures the current state of the cryptocurrency landscape.

“From what I’ve seen and heard, a lot of the cryptocurrency community is much less engaged than it has been in the past few years. And they are much less engaged because they have much less faith in the potential of crypto projects to solve real problems and ultimately achieve significant adoption. That was the dream that was sold and bought consistently from 2017 (the year I came in) to 2022. ‘Cryptocurrencies will solve real problems and ultimately achieve significant adoption.’ Billions of dollars of venture capital were raised on this premise.”

Kling argues that it is now clear how “completely pointless and ridiculously overvalued” many cryptocurrency projects are.

“Crypto enthusiasts don’t know what will lead to the next big rally. There is no DeFi summer. There is no NFT summer. Gaming is currently DOA. The metaverse has turned out to be a complete joke. Decentralized social media is stagnant. People are trying to get excited about crypto x AI, but I (along with many others) think that excitement is likely misplaced (at least for now).

DePIN is working, growing, and exciting. It’s probably the brightest spot in the alts market right now. So this is definitely an area where people are expecting strong future price performance driven by real-world adoption. But such areas of crypto are extremely rare and far away.”

DePIN stands for Decentralized Physical Infrastructure Network, and it aims to use blockchain technology to allow individuals and companies to control physical infrastructure such as wireless connectivity, data storage, and computing power in a decentralized manner.

Kling also argues that it’s “not that early” for cryptocurrencies.

“Bitcoin is worth $1 trillion, half of Wall Street owns it at this point. All the other cryptocurrencies are worth another $1 trillion. Tether owns more government bonds than Germany. There’s been over $20 billion of venture capital poured into the space in the last four years. We’re not that early. Stop comparing it to ‘look what happened with the internet in the late 90s.’ This is not the internet of the late 90s. Bitcoin has product-market fit, stablecoins have product-market fit, and the rest is lost to the ocean.

At best, it’s a solution to a problem; at worst, it’s a ruthless and brutal scam.”

Despite his feelings on the sector, Kling believes that if former President Donald Trump wins the US presidential election in November, his future administration is likely to introduce regulatory regimes that could promote altcoins.

“We’ve been talking here for years about value creation and value accretion, and the token structure that connects the two. The Trump administration could potentially introduce pseudo-securities that would eliminate worthless governance tokens and generate revenue by burning tokens, thanks to the US regulatory framework that allows such things. You can imagine that in two years the landscape of Fugaci Alt will be much less visible.”

Don’t miss out – subscribe to receive email notifications straight to your inbox

Price check task

Follow us XFacebook and Telegram

Surfing the Daily Hodl Mix

&nbsp

Disclaimer: The opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investment in Bitcoin, cryptocurrencies or digital assets. Your transfers and transactions are your responsibility and any losses you may incur are your responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets and The Daily Hodl is not an investment advisor. The Daily Hodl participates in affiliate marketing.

Generated image: Midjourney

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The XRP market value surpasses Shopify, Verizon, and Citigroup. Whales sell 40m coins.

September 18, 2025

‘Fat Apps’ can lead the cryptographic story in the next few months.

September 11, 2025

Binance explodes 466m LUNC with oblivion: revival play or special effect?

September 4, 2025
Add A Comment

Comments are closed.

Recent Posts

BTCC Exchange Partners With NBA All-Star Jaren Jackson Jr. To Inspire Smarter Moves In Sports And Crypto

September 24, 2025

ChainUp Wins Top Crypto Compliance Technology Honor At Thomson Reuters-Presented Awards

September 24, 2025

Fitell Corporation Launches Solana (SOL) Digital Asset Treasury With $100M Financing Facility, With Focus On Yield And On-Chain DeFi Innovation

September 24, 2025

Nebeus Overfunds Equity Crowdfunding Campaign With €3.6M Raised, Reflecting Growing Demand For Regulated Crypto–Finance Solutions

September 24, 2025

Next Binance Coin (BNB) Price Rally 3 Catalysts that can supply fuel

September 24, 2025

Ether Leeum World Fair Announcement

September 24, 2025

SOL Leverage Longs Jump Ship, is it $ 200 next?

September 24, 2025

Navigating Policy & Regulation in Blockchain

September 23, 2025

Flipster Debuts Market’s First USD1 Perps For BTC, ETH, SOL, XRP, And DOGE

September 23, 2025

BYDFi Joins Korea Blockchain Week 2025 (KBW2025): Deepening Web3 Engagement

September 23, 2025

MEXC Brings Immersive Experience With ‘0 Fee Lounge’ To Token2049

September 23, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

BTCC Exchange Partners With NBA All-Star Jaren Jackson Jr. To Inspire Smarter Moves In Sports And Crypto

September 24, 2025

ChainUp Wins Top Crypto Compliance Technology Honor At Thomson Reuters-Presented Awards

September 24, 2025

Fitell Corporation Launches Solana (SOL) Digital Asset Treasury With $100M Financing Facility, With Focus On Yield And On-Chain DeFi Innovation

September 24, 2025
Most Popular

Is it different this time? Bitcoin RSI says a BTC price of $233,000 is possible in 2025.

October 15, 2024

Understanding Polygon Amoy testnet and acquiring MATIC tokens

May 13, 2024

US Leads Global Interest in RWA Cryptocurrencies, Followed by Indonesia and Turkey

September 17, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.