"altcoins have sucked because they were designed to suck. People were so scared of giving any utility or any economic interest being deemed a security token that all the altcoins did generally speaking were represent you know it was like hey you get to be part of my energy they were community tokens so they were all a version of bitcoin with a very different stories like we were big investors in Celestia it's a very good piece of technology right the first modular blockchain smart guys built it look at the chart and it looks like so many others. Why? Because you don't get that there was no economics that came through the usage of that to the token holder. Again, why I keep going back to Hyperlquid, I think, as the as the ideal token, but hyperlid under the Genz administration would be a security token, right? And so getting these rules set in this new piece of legislation that allows people to create tokens that give some economic value to the user of the token as opposed to just, hey, it's another version of Bitcoin. will be the radical thing that happens and if it doesn't happen our industry is going to suck."
By Coin Bureau | December 17, 2025 | Pending
From video
Mike Novogratz on BTC's Slide, Altcoins & Big 2026 Predictions 00:33:40 - 00:34:47
Interpreted Prediction
Altcoins have underperformed because they were designed without economic utility to avoid being classified as securities. If new legislation doesn't allow for tokens that provide economic value to users, the crypto industry will continue to struggle.

Prediction Details

Topic

Comments

Be the first to share your thoughts.

Like this prediction?

Join to make your opinion count.