Crypto Market Faces Inevitable Collapse: CoinEx Founder's Warning

CoinEx Founder Yang Haipo's recent warning about the cryptocurrency market has sparked concerns among industry stakeholders. In his analysis, he argues that the crypto system relies heavily on new capital entering the market, rather than generating income from actual use.

The current business model is unsustainable, with the industry burning through tens of billions every year on mining, exchanges, and development. However, real revenue from genuine outside demand is limited to a few hundred million dollars annually, which is less than one percent of the costs incurred.