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

Jinse Finance reported that ZhuSu, the founder of the original Three Arrows Capital, stated that the sentiment in the encryption market is similar in many ways to 2019. BTC has a high dominance, and people are questioning whether everything needs Token. Some previous major narratives seem to be overturned. Builders are turning to other areas. “Some say the situation now is worse than in 2019, but that’s definitely not the case. In 2019, people generally thought that blockchain, not just Token, was useless. That’s why you could do something, like getting L1 for free. That’s also why the price of Ethereum was 0.02. I think even the most pessimistic now don’t think blockchain is useless - in fact, most of them take blockchain for granted. This is a sign of actual adoption.”