Bitcoin and ‘One or Two Layer-Ones’ Will Outperform Market, Says Matthew Sigel – Here Are His Top Altcoin Picks
The head of digital assets research at exchange-traded fund (ETF) provider VanEck says that Bitcoin (BTC) and one or two layer-1 blockchains will outperform the market. In a new interview on the Bitcoin Macro YouTube channel, VanEck executive Matthew Sigel says that in the long run, the economic value of the digital assets industry will overwhelmingly consist of just a few layer-1 networks. According to Sigel, once this happens, traders will turn to investing into decentralized applications (DApps) and DePIN (decentralized physical infrastructure networks) technology. “One to three kinds of layer-1 blockchains are likely to take 99% of the economic value that’s created in the space… My hunch is that an overwhelmingly large share of the economic value accrues to Bitcoin plus one or two layer-1s and then with the riskier capital, we go hunting for DApps, whether it’s gaming or DePIN that have the best chance at mass adoption.” According to ...