When an cryptocurrency exchange lists its first altcoin, it is preparing for an endless cycle of the same launch, warns an institution leader only Bitcoin.
“At the minute when an exchange adds a non -bitcoin token, they register to be on the Forever Hamster Hamster wheel,” said CEO of River Financial, Alex Leishman, in a post of March 29. “It makes no sense to list ETH if you did not list the tokens issued on ETH, and the same goes for Solana,” said Leishman.
River has no interest in building a “successful cryptographic casino”
Leishman said that although there are many “successful cryptographic casinos”, he has no interest in building one. River Financial is a Bitcoin financial institution only focused on the purchase and sale of Bitcoin (BTC). Several companies have opted for the approach only of Bitcoin, notably Swan Bitcoin, Bull Bitcoin and Bisq decentralized Exchange.
Leishman said that multi-network trading platforms hie the short-term speculation on the accumulation of wealth:
“The Casino’s commercial model is built around the maximum extraction of customers, and the Bitcoin model only is focused on long -term wealth help.”
Critics have already expressed this point, even during the upward trend of the same at the beginning of 2024. In April 2024, Eddy Lazzarin in chief of A16Z technology said that even the long -term vision of the crypto which has kept so many original manufacturers in space.
“At best, it looks like a risky casino,” said Lazzarin.
Market capitalization same is down 27.94% in the last 12 months. Source: Coinmarketcap
The overall market capitalization has made a significant slowdown since the beginning of 2025. Since January 1, the Market capitalization of the same has dropped by almost 49% to 48.49 billion dollars at the time of publication, according to CoinmarketCap data.
However, while altcoins have historically been more volatile than Bitcoin, offering them alongside Bitcoin was a lucrative decision for crypto exchanges and brokers.
In relation: While waiting for the Altcoin season? The data suggest that it is already there
On February 12, Robinhood, which offered several cryptocurrencies to its customers, said an increase of 700% from one year to the next in cryptocurrency income from the fourth quarter 2024.
Some merchants seem to interpret a Listing of the same on a scholarship as validation of its credibility. Among the 15 memecoins listed by Crypto Exchange Binance in 2024, 12 saw significant increases in value after being online on the exchange, said in November the pseudonym analyst of ONCHAIN AI_9684XTPA in November.
The founder of Coingecko, Bobby NGO, recently hypothesized that the same market could head towards an “extreme case of electricity law”, where 99.99% fail and a few climbs at the top and endure.
Review: Co-founder of skeptical arbitrum on the move to rollers based on natives: Steven Goldfeder
