{"id":22207,"date":"2025-03-19T10:39:00","date_gmt":"2025-03-19T08:39:00","guid":{"rendered":"https:\/\/forklog.com\/en\/tezos-co-founder-highlights-lack-of-fundamentality-as-key-risk-for-cryptocurrencies\/"},"modified":"2025-03-19T10:39:00","modified_gmt":"2025-03-19T08:39:00","slug":"tezos-co-founder-highlights-lack-of-fundamentality-as-key-risk-for-cryptocurrencies","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/tezos-co-founder-highlights-lack-of-fundamentality-as-key-risk-for-cryptocurrencies\/","title":{"rendered":"Tezos Co-Founder Highlights Lack of &#8216;Fundamentality&#8217; as Key Risk for Cryptocurrencies"},"content":{"rendered":"<p>The greatest risk to cryptocurrencies lies not in a potential U.S. recession, but in their inherently &#8216;cyclical&#8217; economy. This was stated by Tezos co-founder Arthur Breitman in an interview with <a href=\"https:\/\/cointelegraph.com\/news\/crypto-bull-cycle-threatened-by-us-recession-circular-economy\">Cointelegraph<\/a>.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;The industry is still seeking its footing. If the only reason people want to buy a token is the expectation that others will buy it, then it&#8217;s a circular scheme,&#8221;<\/em> he added.<\/p>\n<\/blockquote>\n<p>The entrepreneur emphasized that this distinguishes the cryptocurrency market from the stock market, which is &#8220;built on revenue-generating businesses.&#8221; In other words, the &#8216;lack of fundamentality&#8217; poses a threat to the asset class, Breitman added.<\/p>\n<p>Separately, the Tezos co-founder noted the risks of a recession due to traditional signs of its approach and the correlation of coins with tech stocks.<\/p>\n<p>Earlier, Fran\u00e7ois Villeroy de Galhau, a member of the governing council of the <span data-descr=\"European Central Bank\" class=\"old_tooltip\">ECB<\/span>, <a href=\"https:\/\/forklog.com\/en\/news\/ecb-member-warns-us-of-cryptocurrency-policy-risks\">saw<\/a> in U.S. policy towards cryptocurrencies the makings of a &#8216;new financial catastrophe.&#8217;<\/p>\n<p>Previously, the institution&#8217;s advisor J\u00fcrgen Schaaf <a href=\"https:\/\/forklog.com\/en\/news\/ecb-adviser-deems-bitcoin-unsuitable-for-national-reserves\">stated<\/a> that Bitcoin is unsuitable for national reserves due to its high volatility, lack of real economic value, and susceptibility to manipulation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The greatest risk to cryptocurrencies lies not in a potential U.S. recession, but in their inherently &#8216;cyclical&#8217; economy. This was stated by Tezos co-founder Arthur Breitman in an interview with Cointelegraph. &#8220;The industry is still seeking its footing. If the only reason people want to buy a token is the expectation that others will buy [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":22206,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1269,1138,1211,1722],"class_list":["post-22207","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrencies","tag-opinions","tag-stock-market","tag-tezos-xtz"],"aioseo_notices":[],"amp_enabled":true,"views":"26","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/22207","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=22207"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/22207\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/22206"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=22207"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=22207"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=22207"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}