LD Capital founder: Altcoin futures are a 'guaranteed losing game'

Jack Yi, founder of LD Capital, said on X that altcoin futures trading is a game traders are guaranteed to lose. He noted that he has recently seen many traders get liquidated on altcoin futures. "Altcoins are inherently high-risk assets, and adding futures to the mix creates a game that is impossible to win," Yi explained, especially when the counterparty controls the supply, liquidity, and technology. He added that, as Warren Buffett says, getting rich slowly is the best path. Even if a trader goes on a winning streak with altcoins, a final loss can wipe out everything, which he stressed is not a sustainable model. His comments come as many analysts have expressed similar views amid a rise in altcoins experiencing volatility of several hundred percent in just a few days.