Garrett Jin: The biggest problem in the cryptocurrency industry is the lack of cash flow. Exchanges and stablecoins make billions of dollars in profits every year but do not reinvest capital back into the market

ChainCatcher news, on October 14, Garrett Jin stated, "The biggest problem in the cryptocurrency space is that most projects lack cash flow. In contrast, TikTok was sold in the U.S. for $14 billion, while many cryptocurrency projects with negative cash flow are valued at hundreds of billions. This has led to funds flowing out of Bitcoin and Ethereum. Exchanges and stablecoins extract hundreds of billions from the industry each year, but there is no healthy capital backflow to the market. Therefore, the market lacks liquidity and upward momentum."

Previously, Garrett Jin was a prominent whale who sold over $4.23 billion in BTC to switch to ETH before the flash crash on October 11.