You can't value crypto as one market anymore. Milk Road's Kyle Reidhead pushes back on Mike McGlone's "no earnings" claim, pointing to protocols like Hyperliquid and Uniswap…
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You can't value crypto as one market anymore. Milk Road's Kyle Reidhead pushes back on Mike McGlone's "no earnings" claim, pointing to protocols like Hyperliquid and Uniswap "Crypto does have earnin…
You can't value crypto as one market anymore. Milk Road's Kyle Reidhead pushes back on Mike McGlone's "no earnings" claim, pointing to protocols like Hyperliquid and Uniswap "Crypto does have earnings. And those are the tokens that are outperforming- Hype, Uniswap. The tokens that have earnings don't have unlimited supply. You can't just create another Uniswap out of nowhere." "People still come in and they go, what should I buy? And they think Cardano and all these old things." "There are a lot of really good protocols that have really strong earnings and are actually trading at fairly decent multiples, which we have never really seen in the crypto industry before." "Those assets have performed well in the last bull market, but also in the last 2-3 months since we had this big pump in August." "You can't just look at the entire crypto market anymore, just like you wouldn't just look at the entire stock market. You've got to look at sectors and certain assets, and differentiate between them."
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