Leading Internet investor and entrepreneur Jason Kalakanis says 99% of altcoin projects are “junk” managed by unskilled people, but they hope that 1% can change the world.

According to a post released by angel investor on June 27 behind the Ridesharing Uber app and Robinhood cryptocurrency app, almost all crypto projects around the world are controlled by “unskilled idiots” or “hooligans” with skills below average:

However, Kalakanis said that projects with the greatest potential that lack these undesirable features are of interest to him: “I am waiting for 1% to deliver their product so that I can talk with your customers.”

Altcoins worked better than Bitcoin
Last week, the Cointelegraph reported that many DeFi codes, including Aave (LEND) and MakerDAO (MKR), achieved double-digit gain. Many won against Bitcoin (BTC), which several times fell below $ 9,000.

Kalakanis's opinion of Bitcoin has changed. In May 2019, he predicted that BTC would last, and the price could fall to $ 500, if not zero. However, during a recent interview with Anthony Pompliano, the businessman said that he may be willing to invest up to 3% of equity in BTC.

Source: CoinTelegraph