Analyst Sparks Heated Debate By Calling Cardano, Polkadot ‘Dead To Institutions’
Summary
Crypto analyst Bitboy Crypto sparked controversy by declaring Cardano (ADA) and Polkadot (DOT) "dead to institutions," citing their underperformance. ADA crashed by 23.6% in the past month, trading at $0.35, while DOT declined by 18.73%, trading at $5.85. Armstrong noted that despite lacking institutional interest, they may still yield returns during bull runs. His remarks faced backlash from the crypto community, with members defending ADA and DOT's technical strengths and community engagement. They emphasized the cryptocurrencies' robust governance mechanisms and long-term sustainability.
