American entrepreneur and Silicon Valley investor has expressed his thoughts on why many cryptocurrency projects fail to succeed.
As the founder of AngelList, he has supported various initiatives in the crypto space, including the self-custody platform Casa. Recently, he has drawn attention within the investment community by suggesting that a significant number of crypto projects collapse because their founders achieve financial success “too early.”
In reaction to these comments, Aaron Jacobson, marketing lead at Platform X, highlighted that many projects struggle because they issue their own tokens that lack true decentralization, rather than leveraging established cryptocurrencies like Bitcoin.
He stated that many initiatives falter because they attempt to fund themselves with tokens controlled by the founding team, advocating for a focus on existing projects.
Trader Mike van Rossum further noted that the tokenomics of certain projects often prioritize the interests of venture capitalists and other investors during token generation events.
The first week of July brings several important developments in the United States that could influence both traditional markets and the cryptocurrency sector.
Ric Edelman, one of the most influential voices in personal finance, has radically revised his stance on crypto allocation. After years of cautious optimism, he now believes that digital assets deserve a far larger share in investment portfolios than ever before.
In the case involving Terraform Labs and its co-founder Do Hyeong Kwon, the defense has asked the Federal Court for the Southern District of New York to extend the deadline for pretrial filings by two weeks, pushing it beyond the original date of July 1, 2025.
Coinbase has emerged as the best-performing stock in the S&P 500 for June, climbing 43% amid a surge of bullish momentum driven by regulatory clarity, product innovation, and deeper institutional interest in crypto.