Svmuu News: Bitwise CEO Hunter Horsley posted on X, stating that during the early days of the internet boom in the 1990s, the market assigned valuations of $500 million to $1 billion to hundreds of companies based on visions of the future. However, as the dot-com bubble burst, the market began to focus on companies that had truly proven their value and business models. Hunter Horsley believes that the internet companies that ultimately prevailed achieved sustained growth through verifiable, tangible results, with development cycles and scales far exceeding market expectations during the bubble era. Hunter Horsley noted that the crypto industry is currently undergoing a similar transformation. While the number of projects that stand out in the future may decrease, the leading projects—those with genuine practical value and capabilities—may achieve a scale and duration of sustained growth that far exceed the expectations of most market participants.