'As BTC climbs towards $100,000, altcoins will die-off'

06 May, 2019 | Updated: 06 May, 2019
by Joeri Cant
Bitcoin
'As BTC climbs towards $100,000, altcoins will die-off'

Heisenberg Capital, a crypto venture capital group led by Wall Street veteran Max Keiser, and Stacy Herbert, took to Twitter to state that they are doubling down on Bitcoin maximalism and that they believe, as BTC climbs towards the $100,000 price mark, altcoins will eventually die-off.

The Heisenberg Capital venture group stated in a recent tweet that the market has begun to reject everything, except for BTC.

The world's most popular cryptocurrency has again outperformed its crypto peers with impressive gains, while most altcoins stay in a suffering phase.

The crypto VC's tweeted:

'We see the market rejecting everything, except BTC. This has been our dominant investing thesis since 2011. We’re doubling down on Bitcoin Maximalism with new capital.'

However, not everyone is on the same page.

One Twitter user pointed out, that although it wouldn't be a bad thing that some shitcoins get flushed out by BTC's dominance, some of the other altcoins already have strong fundamentals, strong partnerships, real use cases, and working products, which undoubtedly will propel these projects into massive growth spurts.

Last month, Chepicap reported that Keiser tweeted to his 221K Twitter followers that Bitcoin's ATH at $28,000 is still in play and that the $100,000 price mark for Bitcoin, his target since 2011, is still on the board as well.

Something we all are looking forward to!

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