Uber Angel Investor: ‘99% of Crypto Projects Are Garbage’

[Nikko]

Uber Angel Investor: ‘99% of Crypto Projects Are Garbage’

Jason Calacanis, an angel investor of Robinhood and Uber, says nearly all crypto projects are run by ‘delusional’ founders or idiots.
Prominent angel investor and internet entrepreneur Jason Calacanis says 99% of altcoin projects are “gabage” run by unqualified individuals, but holds out hope for the 1% with the power to change the world. 

According to a Tweet posted on June 27 by the angel investor behind ridesharing app Uber and crypto trading app Robinhood, nearly all of the crypto projects around the world are under the control of “unqualified idiots” or “grifters” with below-average skills:

Readmore: https://cointelegraph.com/news/uber-angel-investor-99-of-crypto-projects-are-garbage

[Noverteno]

This is too subjective and biased assessment of all the project teams in the cryptocurrency world as a whole. Since everyone can create their own project and release their own cryptocurrency, of course, a significant number of them can be called garbage. However, of course, not 99 percent. The cryptocurrency will still remain in demand on the cryptocurrency market, so now the normal process of forming this relatively young market is taking place. We need to study projects and invest only in promising ones, then everything will be fine.