Look ahead, and let’s forget (for a moment) that Bitcoin has dropped below $100k.
Greg Magadini from Amberdata says that altcoin szn could be a profitable investment for retail. Though this is clearly crypto, everyone should exercise caution.
However, he also noted that altcoins provide regular investors with a “more even playing field” Stock market is more volatile than other markets
“If you think about a company that goes public, typically there are VCs that are early stage investors, there’s a Series A, B, C, so on, so forth. Then there’s an IPO, and then retail buys at the very, very tail end. In crypto, it’s actually the opposite. Its retail is in Discords — small teams essentially talk to their Discord communities to launch a token, and often retail is the first one to be in the market, so they essentially have an information advantage,” Magadini explained
“And so that’s what makes this market very interesting: as a small player, you can invest and be at the forefront of value creation. But obviously the volatility can be crazy, and there’s a lot more scams. There’s no regulation along the way. Basically, you are kind of on your own.”
Magadini said that bitcoin — though volatile — is the lowest volatility asset for crypto right now, and also has the benefit of being the biggest market in which most people, and institutions, with crypto exposure are in.
The possibility for altcoins to rotate is now possible. “higher beta performance,” Magadini stated that altcoins can grow 10x and bitcoin 2x.
Magadini believes that institutions will still be active in the retail market this year, even though they have seen institutional activity on bitcoin and ether. “locked out” We will not consider an altcoin a pair until it becomes a significant coin.
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