ZhuSu: The sentiment in the cryptocurrency market is similar to that of 2019 in many ways

ZhuSu, the original founder of Three Arrows Capital, stated that the sentiment in the crypto market is similar to 2019 in many ways. Bitcoin's dominance is high and people are questioning whether everything needs a token. Some previous major narratives seem to have been overturned and builders are turning their attention to other areas. "Some say that things are worse now than they were in 2019, but this is absolutely not true. In 2019, it was widely believed that blockchain was useless, not just tokens. That's why you could buy L1 for free and ETH/BTC exchange rate was at 0.02. I think even today's biggest pessimists don't consider blockchain useless; on the contrary, they mostly take it for granted as something useful which indicates actual adoption."