On whether or not crypto has reached market saturation, Zhao pointed to international adoption figures suggesting crypto penetration stays beneath 1% worldwide, arguing important room for development nonetheless exists.
On Whether or not Retail Traders Can Compete Towards Paid Promotion
Requested whether or not retail traders can really win when initiatives pay market makers, KOLs, launchpads and exchanges for promotion, Zhao stated sure, although he acknowledged the house between trustworthy advertising and marketing and outright deception isn’t all the time clear-cut. “Between false and fact, it’s not all the time black and white,” he stated, noting initiatives can overhype or use intentionally ambiguous language with out technically mendacity.
Zhao stated defending retail traders requires a mixture of things: encouraging founders to behave responsibly, educating customers to judge initiatives based mostly on fundamentals relatively than hype, and constructing out regulatory disclosure necessities much like these already commonplace in conventional inventory markets. He famous such frameworks stay underdeveloped throughout most crypto markets at the moment.
Finally, Zhao argued that the market self-corrects over time. “Any new trade could have some guys who can overhype, who can over-market, and they’re going to get a short-term profit on the expense of customers,” he stated. “However in the long term, these initiatives is not going to final. The long-lasting platforms would be the ones constructed sustainably and solidly.”
