According to Ryan Selkis, the creator of crypto analytics business Messari. He says bitcoin (BTC) is a “contrarian bet” for 2022. Which, implying that the commodity could perform poorly in a market it has long dominated.
According to Selkis, the crypto industry’s dynamics have shifted. Investors are pushing a lot more money into assets that offer a greater short-term return, he argues, while Bitcoin die-hards remain focused on BTC and Ethereum maximalists on ETH.
So, He refers to these investors as “crypto mercenaries,” or “degens” to regular bitcoin users. Of course, They usually go for new layer-one digital assets like Solana (SOL), Terra (LUNA), and Avalanche (AVAX), a trio that has become known as SoLunAvax.
According to certain evidence, SoLunAvax influenced large quantities of money away from Ethereum and potentially Bitcoin in the last year. Other emerging blockchains, including as Cosmos, Near, and Polygon, have all claimed a piece of the pie.
Another group of investors, according to Selkis, would “never go for bitcoin.”
Also, He refers to these people as “generalists,” and they prefer anything other than BTC.
Specifically, “generalists” are link to a mix of layer-one crypto assets, decentralize (Defi) assets, and others.
In that regard, according to a recent tweet from Messari’s founder and CEO,
“Bitcoin is the contrarian gamble for the year.”
Then, Selkis deflected queries to Emily Coleman, a Messari spokesman, who did not respond to BeInCrypto’s requests for comment.
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