Blockstream CEO Warns Altcoins and Memecoins Could Plummet

Adam Back, Blockstream's CEO, has reignited his long-standing criticism of altcoins and memecoins. He believes that market efficiency will eventually drive their prices to nearly zero.

The efficient market hypothesis suggests that asset prices reflect available information. According to this theory, many tokens without clear long-term value may lose market support.

Bitcoin's fixed supply, security model, and extensive record make it stand out from other crypto assets, Back argues. As a result, the dominance of Bitcoin continues to affect the altcoin market.