Blockstream CEO Warns Altcoins and Memecoins May be Priced Near Zero

Blockstream CEO Adam Back has made headlines with his latest statement regarding the cryptocurrency market, particularly altcoins and memecoins. According to him, the efficient market hypothesis may finally be catching up with assets he views as weak.

In a recent post on X, Back stated that he had expected the efficient market hypothesis to push altcoins toward $0, a prediction he made over a decade ago. He expressed surprise that it took this long for markets to catch up with 'air tokens, altcoins, memecoins etc.'

The efficient market hypothesis is based on the idea that asset prices reflect available information. Back's comments suggest that many tokens without clear long-term value may eventually lose market support.