Jake Brukhman, founder of CoinFund, advises new investors to focus on major cryptocurrencies with established track records to avoid hyper-volatility and scams. He emphasizes the importance of investing in well-known assets like Bitcoin and Ethereum, which have robust communities and ecosystems. Brukhman reflects on the maturation of the crypto industry, highlighting the emergence of norms and guardrails for responsible blockchain project management. He stresses the necessity of governance measures that protect investors and ensure token distribution is handled properly.
As a new participant just entering the space, it is absolutely much safer to stick with the big names. You're not going to go wrong if you are investing in Bitcoin, investing in Ethereum. These are projects that have been around for over 10 years at this point, and have very well established communities and ecosystems.
CoinFund had the good fortune to invest in Ethereum when it was just 60 cents, compared to the nearly $4,000 it is trading for today, but his advice still holds.
As the crypto industry has matured, a set of norms and guardrails have emerged to ensure blockchain projects are managed responsibly.
Responsible projects will include governance measures to protect investors and to restrict the distribution of their tokens.
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