Headed to $0? Adam Back Questions Long-Term Value of Altcoins, Memecoins

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. 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. Advertisement "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. HOT Stories Will XRP Hit $1 Next?; Bollinger Bands Keep $91,500 Bitcoin Prediction Alive; Dogecoin Drops to 10th as Hyperliquid Surges - Morning Crypto Report Bitcoin (BTC), Hyperliquid (HYPE), Zcash (ZEC), Dogecoin (DOGE) and Ethereum (ETH) Price Analysis for May 23: Fundamental Shift in Investors' Sentiment 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. Advertisement — 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. You Might Also Like Tue, 03/17/2026 - 15:39 'It's a Rug-Pull': Adam Back Issues Warning to Bitcoin Users Over BIP-110 By Gamza Khanzadaev The "efficient market hypothesis" refers to a financial theory that indicates that asset prices fully reflect all available information. Advertisement 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. You Might Also Like Tue, 03/03/2026 - 13:58 Altcoins Bleed: 38% Hit Multi-Year Lows in Cycle's Worst Dip Post-FTX Crash By Tomiwabold Olajide 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 memecoins have seen a significant drop after an earlier rise in the cycle. Bitcoin itself wasn't immune to the bearishness in the market, falling about 40% from its all-time high of above $126,198. The price fell to a low of $74,197 following a week-long drop before rebounding. At the time of writing, BTC was up 2.59% in the last 24 hours to $76,852. #Adam Back #Bitcoin #Memecoin #Cryptocurrency