September 26, 2025 — Vietnam Insider – At a livestream on his personal fanpage titled “Digital Assets – Opportunities and Risks,” businessman Nguyễn Hòa Bình, widely known as Shark Bình, Chairman of NextTech Group, shared his candid views on blockchain, cryptocurrencies, and digital assets — sectors that continue to spark heated debate in Vietnam and globally.
Although he emphasized that he is not a blockchain technology expert, Shark Bình noted that he has explored and invested in the field since 2017. From his personal experience, he drew a stark conclusion: “Serious investment in this sector will certainly lead to total loss.”
“99% of blockchain projects fail”
According to Shark Bình, the overwhelming majority of blockchain projects lack real-world applications. He estimated that as many as 99% of them either collapse or fail to deliver tangible benefits for users. In his words, blockchain today resembles a “game created by major powers” rather than a source of sustainable value.
Retail investors and the dream of quick wealth
One of his sharpest observations was directed at retail investors, whom he described as mostly low-capital individuals driven by the dream of rapid enrichment. Many, he said, jump into new tokens after hearing stories of coins multiplying in value overnight, exposing themselves to high risks. He characterized the crypto space as a “purely manipulated market,” where prices are easily swayed by a small circle of players.
Investor psychology: “Gratitude fades, blame persists”
Shark Bình also addressed investor behavior, observing that when investors profit, they rarely express gratitude, but when losses occur, they often resort to blame or even hostility. He stressed that investing in any asset class — whether stocks, gold, or crypto — always carries risks, and individuals must take responsibility for their own decisions.
Blockchain as “a technology that complicates the simple”
In his assessment, blockchain consumes far more resources than traditional solutions and has yet to deliver meaningful positive value. For that reason, Shark Bình declared that he would no longer commit capital to blockchain, remarking: “I’m too afraid now.”
His advice: invest in yourself
Shark Bình concluded by encouraging startups and young entrepreneurs to focus on investing in themselves, as skills, knowledge, and creativity are far more sustainable foundations for success than chasing volatile trends like crypto.
Mixed reactions from the community’s
His remarks quickly generated a wave of mixed responses online. Some agreed with his forthright perspective, while others in the crypto community criticized him for being overly pessimistic. Anticipating pushback, Shark Bình acknowledged that his comments might even threaten some people’s livelihoods, but insisted: “I’m only sharing the truth from my own experience. Anyone who invests must bear responsibility for their choices.”
“Shark Bình’s comments reflect the skepticism that still surrounds the crypto market, especially in emerging economies. While it is true that many projects have failed and retail investors often take on outsized risks, this does not negate the transformative potential of blockchain and digital assets when developed under a strong regulatory framework. Vietnam is now moving toward a licensed and more transparent crypto environment, which will gradually separate speculative ventures from sustainable innovations. For global investors, this moment represents not an end, but the beginning of a more disciplined and institutionalized digital asset market in Vietnam.”
Related
Discover more from Vietnam Insider
Subscribe to get the latest posts sent to your email.
Source: Vietnam Insider