Jason Calacanis, the angel investor of Uber and Robinhood, says nearly all the crypto projects running are garbage and are run by unqualified individuals ‘delusional’ founders or idiots. Only 1% of investors have the will to change the world.
According to a Tweet of the Jason Calacanis 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:
Historically, 99% of crypto projects are garbage run by unqualified idiots, delusional but below average founders or grifters… the 1% that are not, could change the world.
I’m waiting for that 1% to deliver their product so I can talk to their customers.
you got customers?
— email@example.com (@Jason) June 27, 2020
However, Calacanis stated that the projects with the most potential lacking these undesirable qualities are what perks his interest: “I’m waiting for that 1% to deliver their product so I can talk to their customers.”
Altcoins better than Bitcoin
Cointelegraph world’s one of the most reputed blockchain news platforms reported last week that many Defi tokens including Aave (LEND) and MakerDAO (MKR) had posted double-digit gains. Many even outperformed Bitcoin (BTC), which dipped below $9,000 more than once.