🚀 Crypto Market Under Scrutiny! 🚀

Kavita Gupta, founder of a blockchain venture fund, raises concerns about the sustainability of the current crypto market. In her recent Fortune op-ed, she suggests the market is driven by an "artificial boom" fueled by venture capital (VC) spending, not genuine user interest.

Key Points:

- Excessive spending by crypto projects on lavish parties and marketing events.

- Unlike the 2021 bull cycle, the current cycle is propped up by VC money.

- Funds are going to marketing, not sustainable products or communities.

- Inflated token valuations could lead to sharp declines.

What do you think? Comment below! 💬