Amitis Capital Chief Investment Officer of Digital Assets: The market needs an additional $300 billion in the next 3 years to maintain the current price levels
ChainCatcher news, Amitis Capital's Chief Investment Officer Chris Solarz stated in an interview with Coindesk that the era of "altcoins rising together" has come to an end. According to statistics, there are currently about 40 million tokens in the crypto ecosystem, and he predicts that 99.99% will eventually go to zero, with no more than 100 tokens worth discussing.Solarz pointed out that the crypto market will need at least $300 billion in new funds over the next three years to maintain current prices, as the top 100 tokens will face significant unlocking selling pressure. The market size of liquid tokens available for hedge funds is only about $30 billion, and retail investors have already turned to meme coins— in other words, there are currently not enough buyers to absorb the selling pressure."This is the sword of Damocles, and it's also the reason why altcoins cannot usher in a bull market in the short term," Solarz said. It is reported that Chris Solarz was responsible for nearly $8 billion in asset allocation at the investor consulting firm Cliffwater.