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Headed to $0? Adam Back Questions Long-Term Value of Altcoins, Memecoins
TL;DR
Adam Back, CEO of Blockstream, questions the long-term value of altcoins and memecoins, suggesting they may head to zero. He expresses surprise that it has taken so long for the market to reflect this view.
Key points
- Adam Back questions long-term value of altcoins and memecoins
- He suggests many could head to zero in value
- Back has held this view for about a decade
Mentioned in this story
Adam Back
altcoinsmemecoins
Blockstream CEO Adam Back, in a recent tweet, openly questions the long-term value of altcoins and memecoins. Back, an early figure in the Bitcoin community, suggested that many alternative cryptocurrencies could eventually head toward zero in value over time.
"I was expecting efficient market hypothesis to kick in with alts and price them at $0," Back said in a tweet.
These comments reinforce a stance Back has maintained for years. Back stated he had made this call of altcoins heading to zero about a decade ago and remains quite surprised that it took this long for the efficient market to catch up with this class of crypto assets.
buy bitcoin, hodl, repeat.
i was expecting efficient market hypothesis to kick in with alts and price them at $0. but i was making that call a decade ago, so I am quite surprised it took this long for the efficient market to catch-up with air tokens, altcoins, memecoins etc.— Adam Back (@adam3us) May 23, 2026
"But I was making that call a decade ago, so I am quite surprised it took this long for the efficient market to catch up with air tokens, altcoins, memecoins etc," Back said.
The "efficient market hypothesis" refers to a financial theory that indicates that asset prices fully reflect all available information.
Altcoins heading to $0?
This viewpoint is not far-fetched as Back remains a Bitcoin bull, with an April report in The New York Times pointing to him as the most likely pseudonymous creator of Bitcoin known as Satoshi Nakamoto, which he denies.
The Blockstream CEO remains opposed to alternative cryptocurrencies referred to as altcoins, saying they will eventually be priced at $0. In prior times, when asked about his preferred altcoins, Back said, "None of them. I've never owned one. They are all going to zero."
Back's latest comments come during a bearish period when altcoins and several have seen a significant drop after an earlier rise in the cycle.
Q&A
What did Adam Back say about the future of altcoins?
Adam Back suggested that many altcoins and memecoins could eventually head toward zero in value, reinforcing a long-held belief.
Why does Adam Back believe altcoins will lose value?
He believes the efficient market hypothesis should have already priced altcoins at zero, indicating a lack of long-term value.
How long has Adam Back held this view on altcoins?
Adam Back has maintained this stance for about a decade, expressing surprise at the slow market adjustment.
