“Altcoins are dead.” That’s coming from a crypto exchange CEO. Gracy Chen @Bitget argues much of the market still needs to prove why its tokens exist and says value may increasingly be captured elsewhere. “We don’t need 30 different public chains.”

@GracyBitget Utility killed altcoins, and BTC is next but it may be more like a fading away thing

@GracyBitget Litecoin only

@GracyBitget We don't need Bitget either

@GracyBitget Yes dead bc retail is gone and has been since 2018. Alts will only move hard from institutions here on out

@GracyBitget And she’s not wrong.

@GracyBitget Sorry, what did click bait way to young to be a CEO of anything say?

@GracyBitget hard disagree, some L1s solve specific problems eth can't. not all are useless

@GracyBitget And yet Bitcoin has zero utility along with the altcoins.

@GracyBitget I mean it's kind of a Boolean statement. I think most people agree that 99% of projects will go away and the 1% of that has really utility will be kept.

@GracyBitget I would like to differ... The future is multi chain... Nobody is prepared for the scale and exponential growth that will happen... AI agents are going to need a billion transactions per second some experts say and it will probably be more... 🧐

@GracyBitget I get what she is saying, I recall reading somewhere that someone said the same thing about AOLand only needing one web browser. Have many changes keeps things fresh and allows for innovation. Do you need 10,20 or 30+ probably not, but it’s better than having one or two that suck

@GracyBitget That’s because all the degens who ape into alts are all bag hodling since 2017… the btc capital ain’t gonna rotate out into ppcoin lol

@GracyBitget Hyperliquid is built different

@GracyBitget That's why she sold $BGB to @MorphNetwork

@GracyBitget I think she's basically saying 99% will die, which I think most people would agree is likely. She's just not phrasing it very well.

@GracyBitget Ahhhh Gracy :) I agree! It's #Bitcoin & #Ethereum that are the main L1's

@GracyBitget Lets all just kill ourselfs at this 😂

@GracyBitget I'm making room for a little uncomplicated joy.

@GracyBitget The Free Market of Capitalism will sort that out on its own.

@GracyBitget Ni 20 mil cex

@GracyBitget If you are positioned in meme coins you will get ahh rekt

@GracyBitget 😂😂😂👌die Frau hat null Plan

@GracyBitget Bitcoin is cooked

@GracyBitget That way they make money on delisting or converting, the exchanges are the house and they win with delistings. Stop your fud.

@GracyBitget easy to talk down the casino when your order books are full of perp volume. utility filter is real though, the timeline definitely doesn't need twenty layers doing the exact same thing