Bitcoin is the 'Amazon of crypto' and everything else are bets, says Blocktower founder

Bitcoin is the 'Amazon of crypto' and everything else are bets, says Blocktower founder


Ari Paul, founder of blockchain investment firm Blocktower Capital, weighed in on the bear market, comparing the situation to the tech crash back in the year 2000. Paul likens Bitcoin (BTC) to Amazon, which is one of the companies that survived the market collapse. 

In a Twitter thread, Paul noted that while there are “modest” products in the crypto market, many improvements must be done in order to reach the mainstream. Paul also argues that adoption is “5 years behind” from what many hoped.

The executive also highlighted network outages in Solana, delays in scaling Ethereum and Bitcoin’s security and future upgrades are overlooked during bull runs but “feels very different” during a bear market, arguing that optimism wouldn’t cut it anymore in this situation.

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