Justin Bons, the founder and Chief Investment Officer of Cyber Capital, Europe's oldest cryptocurrency fund, has spoken out against the prevailing finance model in the cryptocurrency market. Bons argues that the current system, driven by Venture Capitalists' (VCs) fundraising, is detrimental to the market's growth and innovation. He believes that "predatory VCs" have taken over the cryptocurrency space, suffocating its potential.

According to Bons, the root of this issue lies in regulatory pressures that have effectively outlawed Initial Coin Offerings (ICOs). This has resulted in Venture Capitalists monopolizing the early-stage market, stifling innovation and limiting access to funding for promising projects. Bons' concerns are echoed by Miles Deutscher, another analyst who has highlighted the flaws in the current fundraising dynamics.

The dominance of Venture Capitalists in the cryptocurrency market has created a power imbalance, where a select few dictate the direction of the industry. This has led to a focus on short-term gains rather than long-term sustainability and innovation. The lack of diversity in funding sources has also resulted in a homogenization of projects, with many startups struggling to secure funding due to the limited number of investors.

Bons' critique of the current finance model is a call to action for the cryptocurrency market to reassess its priorities and find alternative funding solutions. By diversifying funding sources and promoting a more inclusive and innovative approach, the market can break free from the shackles of predatory Venture Capitalists and reach its full potential.

The cryptocurrency market has always been known for its disruptive nature, but it seems that the current finance model is stifling the very innovation that once defined it. It is time for the market to evolve and find new ways to fund projects, ones that prioritize sustainability and growth over short-term profits. Only then can the cryptocurrency market truly reach its full potential and revolutionize the world of finance.