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

Prominent angel investor and web entrepreneur Jason Calacanis says 99% of altcoin tasks are “gabage” run by unqualified people, however holds out hope for the 1% with the facility to alter the world.

According to a Tweet posted on June 27 by the angel investor behind ridesharing app Uber and crypto buying and selling app Robinhood, almost all of the crypto tasks world wide are below the management of “unqualified idiots” or “grifters” with below-average abilities:

However, Calacanis said that the tasks with probably the most potential missing these undesirable qualities are what perks his curiosity: “I’m waiting for that 1% to deliver their product so I can talk to their customers.”

Altcoins performing higher than Bitcoin

Cointelegraph reported final week that many DeFi tokens together with Aave (LEND) and MakerDAO (MKR) had posted double-digit features. Many even outperformed Bitcoin (BTC), which dipped under $9,000 greater than as soon as.

Calacanis’ views on Bitcoin have modified. In May 2019, he predicted BTC would go to the bears, with the value prone to fall to $500, if not zero. However, throughout a latest interview with Anthony Pompliano, the entrepreneur mentioned he is perhaps prepared to speculate as much as 3% of his internet value into BTC.

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