Grayscale's Zach Pandl dropping a contrarian take: $BTC might underperform the broader crypto market in the next adoption wave.
Why? $ETH and $SOL have actual utility moats—stablecoins, tokenized RWAs, on-chain finance infrastructure. $BTC is still digital gold, but lacks the composability and app layer these chains are building.
TLDR: Store of value vs. programmable money. Next cycle might reward the builders over the hodlers.
Why? $ETH and $SOL have actual utility moats—stablecoins, tokenized RWAs, on-chain finance infrastructure. $BTC is still digital gold, but lacks the composability and app layer these chains are building.
TLDR: Store of value vs. programmable money. Next cycle might reward the builders over the hodlers.