Miko Matsumura: No More Crypto Wild West, This Cycle Will Reward Different Behavior

Miko Matsumura, managing partner at Gumi Cryptos Capital, believes the 'wild west' era of cryptocurrency is over, with the industry having achieved its core structural victories. He likens Bitcoin to a reserve bank, Ethereum to an investment bank, and sees multiple chains like Base and Solana competing to solve the retail banking function. Matsumura views the arrival of regulation as confirmation of this shift. He warns that the current bear market will not reward the same behaviors as previous cycles, particularly meme coin speculation. Instead, this phase will favor builders focused on practical solutions and application-layer development, especially in high-growth economies like Latin America and Nigeria, and solo founders leveraging AI to minimize costs. Traits like courage, curiosity, and conviction are now paramount for founders.

(Source：BeInCrypto)