1confirmation founder: The era of easy money in crypto is over; product-driven growth will replace token speculation.
TL;DR
1confirmation founder declares the end of crypto's 'easy money' era, emphasizing a shift from token speculation to product-driven growth like Polymarket and stablecoins. Key constants include identifying fraud, declining institutional trust, and credible neutrality of Bitcoin and Ethereum.
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According to Foresight News , Nick Tomaino, founder of 1confirmation, stated on the X platform that the current total market capitalization of cryptocurrencies is $3.1 trillion (down 14% in the past year), but in 2009, this number was zero. For the crypto industry, 2025 signifies the end of the "easy win" era: venture capital pump-and-dump schemes, Meme Coin, and DAT have all failed. However, last year, for the first time in the history of the cryptocurrency industry, products that do not rely on token speculation outperformed other products, such as Polymarket and stablecoins. In the future, to obtain excess returns, it is necessary to develop and use such products. Three things remain constant in the crypto industry: 1. The true nature of fraudsters must be seen; 2. The macro trend of declining trust in institutions and the increasing importance of the internet is real, and credible neutral currencies offer worthwhile investment opportunities; 3. Only two cryptocurrencies possess credible neutrality: Bitcoin (BTC) and Ethereum (ETH).