Crypto treasury ‘bubble’ fears overblown: TON Strategy CEO
TON Strategy’s CEO acknowledged there are early signs of a bubble, but medium and long-term capital will soon come in as the market matures.
While a recent wave of corporate digital asset treasuries is starting to show signs of a bubble, the long-term outlook is positive, according to TON Strategy CEO Veronika Kapustina.
“I think, look, obviously, it looks like it’s a bubble. As in, all the indicators look like it’s a bubble,” Kapustina told Cointelegraph during the Token2049 conference in Singapore.
Kapustina explained that they are different from other bubbles we’ve seen in crypto and TradFi “because it’s a new segment of finance.” DATs became “the trade of the summer,” and people saw it as “fast money,” with a lot of “fast money going in,” she said.