Yat Siu Backs Altcoins Over Bitcoin Ahead of IPO
Animoca’s Yat Siu says altcoins may beat Bitcoin as IPO aims to widen investor crypto exposure.
- Yat Siu believes altcoins have more upside potential than Bitcoin
- Animoca Brands plans IPO to reach mainstream investors
- The company sees altcoins as key to broader Web3 adoption
Animoca Brands co-founder Yat Siu has expressed strong confidence in the future of altcoins outperforming Bitcoin. As his company gears up for a highly anticipated IPO, Siu suggests that altcoins could deliver higher returns than the leading cryptocurrency. While Bitcoin remains the market leader, Siu argues that altcoins offer exposure to niche sectors like gaming, NFTs, and the metaverse—areas where Animoca has been actively building for years.
Siu believes Bitcoin is more of a “store of value,” while altcoins have real use cases and innovation potential. These attributes, he says, make them more likely to grow in value as Web3 adoption increases. “Bitcoin is important, but altcoins offer exposure to real utility in the digital economy,” Siu recently stated.
Animoca’s IPO to Boost Investor Access to Crypto
Animoca Brands, a major investor in blockchain gaming and digital assets, is preparing to go public. The IPO is expected to offer traditional investors exposure to a wide range of crypto assets, including altcoins. Siu’s decision to spotlight altcoins as growth engines aligns with Animoca’s long-standing commitment to decentralized apps and gaming projects that rely on tokens beyond Bitcoin.
The company has stakes in dozens of altcoin projects and Web3 startups, including The Sandbox, which uses its own native token (SAND). These projects often feature vibrant ecosystems with their own economies, something Bitcoin doesn’t provide directly.
Siu hopes the IPO will educate investors on the broader crypto opportunity, not just Bitcoin. “We want to show the world there’s more to crypto than just BTC,” he said.
Why Altcoins Could Lead the Next Bull Run
As crypto markets mature, many investors are shifting attention to altcoins. These tokens are often tied to platforms with real-world use—gaming, finance, and social platforms. With institutional money entering the space and more countries adopting crypto-friendly regulations, altcoins could become the engine of the next market cycle.
Siu’s bet on altcoins outperforming Bitcoin may prove timely as retail and institutional investors look for higher-growth opportunities in the next crypto wave.
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- Yat Siu Backs Altcoins Over Bitcoin Ahead of IPO
