The 5 Altcoins I Actually Want to Hold Into the Next Cycle
Спикеры
John Gillen
— Соведущий, Milk Road Macro
John Gillen interviews a guest about altcoin positioning for the next cycle. The guest favors mega trends: Bitcoin as digital gold, Ethereum and Solana as smart contract platforms, Hyperliquid for real revenue, Aave and DeFi for institutional stablecoin yield, and decentralized AI via NEAR, TAO, and VVV. Chainlink is discussed as institutional infrastructure with token value accrual still debated, though John is strongly bullish.
- Guest views 99% of altcoins as garbage and prefers mega-trend bets.
- Bitcoin is framed as digital gold amid fiat currency devaluation.
- Ethereum and Solana are favored as core smart contract platforms.
- Hyperliquid is cited for real earnings, weekend institutional trading, and 90% token buyback.
- Chainlink adoption is strong, but token value accrual is debated; John is bullish on LINK.
- Stablecoin regulation is expected to drive institutional yield demand into DeFi and Aave.
- Decentralized AI is called a multi-year mega trend; NEAR, TAO, and VVV are named blue chips.
- Sponsor mentions include Saber payment infrastructure and Milk Road Pro.
Идеи
Bitcoin as digital gold amid currency devaluation.
Bitcoin is a bet on the mega trend that banks, governments, and central banks will continue to devalue fiat currency, making digital gold-like assets attractive.
Ethereum and Solana as smart contract platforms.
Ethereum and Solana are core smart contract platform bets; the speaker likes them for smart contract adoption, and Ethereum can focus on network adoption first and turn on fee/value accrual later.
Hyperliquid real revenue and 90% buyback.
Hyperliquid has real earnings and product-market fit, with institutions using it for weekend trading during geopolitical stress; the token benefits from a 90% revenue buyback, which aligns token value with business success. Competition may steal share, but Hyperliquid should keep growing as the branded incumbent; regulation is the main unknown.
Chainlink adoption will drive token value.
Chainlink's priorities have been in order by prioritizing adoption first; that makes it easier to drive captured value back to the LINK token, so he has a very strongly bullish outlook on Chainlink.
Stablecoin yield demand favors DeFi sector.
Once stablecoins are regulated and adopted, large holders will need yield beyond transacting, which makes DeFi the obvious next step for institutions, similar to DeFi summer but at institutional scale.
Stablecoin adoption drives Aave yield demand.
Aave earns real revenue, has survived multiple bear markets, and is positioned to capture institutional yield demand from regulated stablecoins; if valued like traditional financial revenue, it would be significantly higher.
Decentralized AI blue chips are multi-year bets.
Decentralized AI is a durable mega trend and the one shot to prevent Big Tech data monopolies; AI will stay relevant for years due US-China competition. The speaker likes blue-chip crypto AI names NEAR, TAO, and VVV to ride the trend.
