The post Animoca Brands Banks On Altcoins As It Eyes Nasdaq Next Year appeared on BitcoinEthereumNews.com. Animoca Brands founder Yat Siu aims to position his company as a vehicle for investors to gain exposure to broader crypto projects and the altcoin market, as the company plans to go public through a reverse merger next year. “We believe that altcoins, ultimately, over the largest space, are going to outperform Bitcoin as a collective,” Siu said during an interview with Cointelegraph on Wednesday. Siu compared Bitcoin (BTC) to gold, saying that while no single company is bigger than gold’s market capitalization, all public companies combined are “roughly five to six times gold.”  He said that while these companies may not have the same longevity as gold, they can go “up and down as a whole.” “We don’t join crypto because we want to hold Bitcoin, only holding Bitcoin as a reserve asset, but I don’t use it, right?” he said, emphasizing altcoins’ utility across the industry, from Web3 games to gas fees to DeFi and DePIN. Animoca wants to offer crypto equivalents to early Amazon, Google “All of these applications are actually altcoins, right in the classical definition, even, you know, to a lesser extent, but perhaps even more meaningfully, before, memecoins are also altcoins,” he said. Animoca Brands is eyeing a diversified altcoin treasury strategy. Source: Animoca Brands Siu compared Animoca’s investment approach to the kind of opportunity investors would have pursued in the early 2000s, the chance to invest across a wide group of the “biggest and most interesting” internet companies, such as Amazon, Google, eBay, and Alibaba.  “We feel that we’re pretty well positioned for that,” Siu said, adding that the crypto industry probably won’t have a “winner-takes-all” altcoin or project, unlike the early era of the internet.  Animoca Brands plans to capture some of the crypto winners He said that Animoca’s portfolio of investments… The post Animoca Brands Banks On Altcoins As It Eyes Nasdaq Next Year appeared on BitcoinEthereumNews.com. Animoca Brands founder Yat Siu aims to position his company as a vehicle for investors to gain exposure to broader crypto projects and the altcoin market, as the company plans to go public through a reverse merger next year. “We believe that altcoins, ultimately, over the largest space, are going to outperform Bitcoin as a collective,” Siu said during an interview with Cointelegraph on Wednesday. Siu compared Bitcoin (BTC) to gold, saying that while no single company is bigger than gold’s market capitalization, all public companies combined are “roughly five to six times gold.”  He said that while these companies may not have the same longevity as gold, they can go “up and down as a whole.” “We don’t join crypto because we want to hold Bitcoin, only holding Bitcoin as a reserve asset, but I don’t use it, right?” he said, emphasizing altcoins’ utility across the industry, from Web3 games to gas fees to DeFi and DePIN. Animoca wants to offer crypto equivalents to early Amazon, Google “All of these applications are actually altcoins, right in the classical definition, even, you know, to a lesser extent, but perhaps even more meaningfully, before, memecoins are also altcoins,” he said. Animoca Brands is eyeing a diversified altcoin treasury strategy. Source: Animoca Brands Siu compared Animoca’s investment approach to the kind of opportunity investors would have pursued in the early 2000s, the chance to invest across a wide group of the “biggest and most interesting” internet companies, such as Amazon, Google, eBay, and Alibaba.  “We feel that we’re pretty well positioned for that,” Siu said, adding that the crypto industry probably won’t have a “winner-takes-all” altcoin or project, unlike the early era of the internet.  Animoca Brands plans to capture some of the crypto winners He said that Animoca’s portfolio of investments…