Pi Network Will Take Many Years to Bring Real Value, Analyst Warns

After Dr. Nicolas Kokkalis delivered an important and inspiring speech at Consensus 2025, outlining the ambitions of the AI era and the decentralized future of Pi Network, a respected altcoin expert known as Dr. Altcoin on X provided a well-founded response challenging this overly optimistic outlook. While Kokkalis focuses on Open Mainnet, a thriving ecosystem with over a thousand applications and real-world use cases, Dr. Altcoin points out serious structural and enforcement barriers that could delay the actual growth of the ecosystem for years.

1. Expanding the Ecosystem Requires a Suitable Venture Capital Team Dr. Kokkalis mentioned the increasing number of applications being built on Pi. However, Dr. Altcoin emphasized that a dedicated investment support branch is essential for true growth. Without it, developers' efforts may stagnate due to a lack of funding and strategic guidance.
2. Choosing Funding Sources for the Project Can Take 6–12 Months While the number of high applications reflects interest, Dr. Altcoin explains that selecting viable projects for funding is a time-consuming process. The due diligence, assessment, and selection of projects can take at least 6 to 12 months.
3. The Fund Disbursement Will Be Extended by Another 3–6 Months Even after the selected projects, the disbursement of funds does not occur immediately. Dr. Altcoin estimates that developers may have to wait from 3 to 6 months before receiving financial support, slowing down the process of deploying the ecosystem.
4. Developing DApps Will Take 1–2 Years Dr. Altcoin expressed concerns about the quality of current DApps, stating that building applications with real utility and security will take 1 to 2 years. He argued that the current excitement about quantity is misplaced without quality and functionality.
5. The Maturation of the Entire Ecosystem May Take Up to 5 Years According to Dr. Altcoin, a fully developed Pi Network ecosystem — complete with solid infrastructure, funding sources, and quality applications — may take another 2.5 to 5 years. The process includes: Forming a capable business support team Filtering and funding promising projects Developing and launching secure DApps Scaling adoption and real-world use cases
6. PI Can Witness a Temporary Increase to $2–$3 In the short term, Dr. Altcoin predicts that the price of PI could surge to around $2–3 if major exchanges list it. However, he warns that this is speculative and not related to the actual maturity of the ecosystem.
7. Pi Price Today: Volatility Remains High In the past 30 days: Increased by 14.3% Over the past 14 days: Up 18.6% In the past 24 hours: Decreased by 18.4% 1 hour ago: Decreased by 2.7%

The current decline indicates that Pi is still experiencing strong volatility, despite the excitement of the community. Conclusion: Vision vs Reality Dr. Kokkalis painted a hopeful future, but Dr. Altcoin's reaction provided a necessary reality check. Building a functional decentralized Pi Network will require many years of structured effort, not just speeches and milestones. His final advice to the Pi community: "Lower your expectations for the next five years."