TechFlow news, November 28 — Dragonfly partner Haseeb published a long-form post on social media titled "In Defense of the Exponential Function," reflecting on the current pessimistic sentiment in the crypto market. He pointed out that market psychology has shifted from "financial nihilism" to "financial cynicism," with many believing blockchain projects are overvalued and headed for collapse.
Haseeb used Amazon as an example, noting that the company only began generating real profits after 22 years of operation, during which critics consistently questioned its business model. He argued that the blockchain industry is currently at a similar stage, and should not be evaluated using linear growth thinking or traditional financial metrics such as price-to-earnings ratios.
The article emphasizes that blockchain technology will grow exponentially, following a trajectory similar to early e-commerce. While the growth may not be as smooth as that of e-commerce, its potential cannot be ignored. Haseeb believes blockchain will ultimately transform the way finance and money operate, just as the internet transformed other industries.
He called on investors to become long-term believers, trusting that blockchain will bring profound changes to society and finance, stating, "If you believe in exponential growth, from a long-term perspective, everything is still cheap today."
