Why Yat Siu Believes Altcoins Will Surpass Bitcoin

Why It Matters

The thesis implies significant implications for how value, trust, and user identity are built and regulated in crypto’s next phase.

Summary

Animoca Brands co‑founder Yat Siu outlined a plan to tackle Web3’s identity and trust problems by building a reputation layer using zero‑knowledge proofs and a Mocaverse loyalty SDK that ties staking power and airdrops to verifiable, cross‑chain identities. He revealed a pending joint‑venture Hong Kong dollar stablecoin with Standard Chartered and HKT awaiting regulatory approval, and discussed broader moves into interoperable identity, data custody, and Web3 gaming. Siu argued these composable altcoin use cases—payments, reputation, and gaming economies—could shift value away from Bitcoin and eventually allow the altcoin market to eclipse it, raising regulatory and market‑structure questions for incumbents. The thesis implies significant implications for how value, trust, and user identity are built and regulated in crypto’s next phase.