Crypto investor Arthur Cheong thinks crypto doesn’t need to be as big as the internet to be successful. He believes that crypto can make a huge impact even if it doesn’t become mainstream.
Focus on Specific Use Cases
Cheong argues that trying to get everyone to use crypto might be a mistake. Instead, he believes crypto is best suited for specific areas like:
- Global money: A way to send money across borders without relying on banks.
- Decentralized finance: A way to manage money without needing traditional financial institutions.
He thinks that focusing on these specific areas will have a bigger impact than trying to make crypto something everyone uses.
Bitcoin on the Rise
Cheong is also bullish on Bitcoin. He thinks Bitcoin is poised for a rally after the German government sold off its Bitcoin holdings and traditional investors bought it up. He also sees investors moving towards high-quality crypto projects.
A Shift in Focus
Cheong’s comments suggest a shift in thinking about crypto. Instead of focusing on mass adoption, the focus is now on specific use cases and high-quality projects. This could be a sign that the crypto market is maturing and becoming more focused on its potential real-world applications.
