Gurbacs: Profoundly unserious people are why BTC hasn't hit a new ATH

Gabor Gurbacs, an advisor to VanEck and Tether, argued on social media that profoundly unserious people have taken over a large part of the Bitcoin discourse. He criticized them for copying and selling shoddy products and stale narratives instead of focusing on building long-term conviction, infrastructure, and distribution networks. Gurbacs identified this as one of the key reasons why Bitcoin is currently unable to surpass its all-time high (ATH). He pointed out that the market's fundamental nature became diluted starting with the Initial Coin Offering (ICO) boom in 2017. Gurbacs recalled that the pre-2017 crypto community was sharper and operated with clear principles and a mission, noting that nearly a decade has passed since the market changed. He added that if he had one wish, it would be for the Real World Asset (RWA) tokenization boom to have occurred before the 2017 ICO boom disrupted the market.