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Hunter Horsley: 1990s internet boom drove $500 million to $1 billion valuations

Hunter Horsley: 1990s internet boom drove $500 million to $1 billion valuations
1990s internet drove massive valuations

Hunter Horsley, CEO / Co-founder at Bitwise Asset Management, reflects on the early days of the internet in the 1990s. He notes that during this period, almost every idea seemed plausible, with hundreds of companies reaching $500 million to $1 billion valuations based on potential alone.

However, he points out that by the early 2000s, optimism had faded, and only a few companies that had proven themselves continued to attract bids, marking a clear shift in investor sentiment.

Horsley has commented previously on major asset valuations, suggesting the SpaceX IPO could rival the crypto market size excluding stablecoins. Earlier this year, he announced Bitwise’s launch of the Hyperliquid ETF, offering investors platform ownership through the BHYP ticker. These recent developments follow Bitwise’s ongoing engagement with both traditional and digital asset markets.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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