Making money in crypto is likely to be much harder than it was during the last bull market.

Back then, the biggest challenge was the sheer number of altcoins. There were thousands of projects competing for liquidity, making it difficult to identify the real winners — and most eventually underperformed.

Now, the competition for capital is even stronger.

Crypto isn’t competing only against other crypto assets anymore. Investors can choose from tokenized stocks, public companies, AI and tech stocks, ETFs, and countless other opportunities available across financial markets.

Capital is going to be distributed across a much wider range of assets.

That’s why I believe the majority of altcoins will continue to struggle, while only a small number of projects will truly outperform.

In my view, the biggest winners could be the projects building the infrastructure behind the next generation of tokenized stocks and real-world assets.

Liquidity will be selective. Choose accordingly.