Opinion by: Kamal Mokeddem, General Partner at Finality Capital
The prevailing institutional narrative surrounding altcoins is as follows: If you want crypto exposure, simply buy Bitcoin and move on.
Bitcoin data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/bitcoin-isnt-dying”>now has ETFs and has outperformed nearly every other digital asset. Unlike 2017 or 2021, data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/altseason-on-the-way-analysts-but-indicators-disagree”>there has been no broad altcoin rally this cycle. At its peak in 2021, more than 2.6 million tokens were live; today, there are data-ct-non-breakable=”null” href=”https://www.21shares.com/en-us/research/thousands-of-altcoins-but-no-altcoin-season-what-comes-next” rel=”noopener nofollow” target=”_blank”>more than 42 million. No wonder many people believe the game is over.
This perspective is lazy and wrong. The absence of an…
