Evgeny Gaevoy warns crypto has forsaken its cypherpunk roots

Feb 20, 2026, 1:00 AM10

(Update: Feb 20, 2026, 1:00 AM)

Evgeny Gaevoy

Founder & Chief Executive Officer - Wintermute

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Evgeny Gaevoy warns crypto has forsaken its cypherpunk roots

In a viral thread, Evgeny Gaevoy highlighted the shift of crypto towards a profit-driven mentality.
He criticized the success of stablecoins, arguing they reinforce the U.S. dollar's dominance instead of creating alternatives.
Gaevoy advocated for a return to crypto's original ideals to prevent the loss of its cypherpunk roots.

Evgeny Gaevoy

Founder & Chief Executive Officer - Wintermute

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