Analyst: Crypto is a failed asset class Macro analyst Alex Krüger @krugermacro posted bluntly, saying he basically believes that 'crypto' is now a failed asset class. Most crypto assets are worthless, founders exploit regulatory loopholes to dump on retail investors, memecoin super-bubbles have drained everyone, and DeFi hacks have been escalating since last year. However, he also pointed out that stablecoin growth, TradFi tokenization, prediction markets, privacy-focused projects, and AI projects with real revenue are still functioning well—these are closer to 'blockchain applications' rather than the old notion of 'crypto.' He concluded with one sentence: 'Crypto sucks. Long live crypto.'