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Chainlink: Moonshot Candidate With Risks

The Prospector profile picture
The Prospector


  • This is my first serious look at a cryptocurrency asset: Chainlink.
  • Chainlink is the leading decentralized oracle network provider for Web3.
  • LINK-USD is nearly 80% off its highs.
  • Chainlink believes trillions of dollars in assets could one day be on the blockchain, which could benefit LINK-USD holders.
  • Possible federal regulation around cryptocurrency poses risks to assets like LINK-USD.

Cryptocurrency on Binance trading app, Bitcoin BTC with altcoin digital coin crypto currency, BNB, Ethereum, Dogecoin, Cardano, defi p2p decentralized fintech market

Chinnapong/iStock Editorial via Getty Images

For the last decade, my focus has been investing my own money in stocks. I put a little money into Bitcoin and Ethereum in 2014/2015 out of curiosity, but I had not spent much time studying cryptocurrency.

This article was written by

The Prospector profile picture
Long-term focus, with some exceptions. Self-taught investor. I started investing my own money in 2010 and have outperformed the S&P 500 in the years since.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of LINK-USD either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Crypto is highly speculative and is a tiny percentage of my portfolio, which includes LINK-USD, BTC, ETH, and AVAX.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Comments (7)

Mr. Prospector,
I love the value provided by distributed oracles... but help me understand how Chainlink can possibly be sustained:

They are selling link coins to pay for their operating expenses. This will run out!
the price cannot go up forever.

This just does not seem to make sense.
The Prospector profile picture
@DanOblinger You may be correct. I view all of this as highly speculative. It is hard to take this stuff seriously having spent most of my investing time on fundamentally valuing stocks. I don't know if their model is sustainable - it may not be.
jimbo162 profile picture
I agree with many of your conclusions, i own some LINK but also have some questions of exactly why we need it, what it actually does etc...if it is just a funding mechanism for the company i find the $200 price prediction as doubtful. If it is actually needed for something it would be different.
Chainlink completes the "God protocol" which will fully automate our financial system. Its basically a decentrialized truth machine. Its very interesting and very terrifying.
@jimbo162 its needed. It essentially solves the "oracle" problem: reliably gathering data outside of the blockchain for contracts that may want to include outside data. This could be anything: weather, treasury rates, nfl draft outcome, etc. It does it better than anyone else right now. That being said, competitor could come out of the wood work at anytime.
@MichaelJ8 Jimbo is not questioning whether an Oracle network is needed, but one could have such a network that was paid in Eth gas, or even just USD. Do we need a separate coin?
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