There is no doubt along with the growth of the crypto market, there has been a significant rise in the number of Altcoins. Major firms are introducing their own coins which are actually flooding the market with enormous coins. As far as the effectiveness of these coins is concerned, Each of them perceives itself as one of a kind and believes the future belongs to them.
Well not everyone is convinced with this fact as there were some really strong comments made by Heisenberg recently that seemed to disagree to some of the pre-existing beliefs of the market. The firm showcased its enormous belief that the future belongs to no other coin except BTC.
In a recent tweet Heisenberg Capital said the following:
” We see the market rejecting everything, except BTC. This has been our dominant investing thesis since 2011. We are doubling down on Bitcoin Maximalism with new capital. As BTC climb toward our 2011 target of $ 100000, we believe everything except BTC will die-off.”
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.
As BTC climbs toward our 2011 target of $100,000, we believe everything except BTC will die-off.
— Heisenberg Capital (@HeisenbergCap) May 5, 2019
Max Keiser as well as Stacey Herbert, the founders of the Heisenberg Capital firmly believes that their bitcoin maximalism is a long-held philosophy.
Max Keiser: $28,000 for BTC and then a supply shock as price gaps to $100,000 | Bitcoin Price Predictions: From Zero to a Million – What do the Experts Think? https://t.co/ApAgPiNFAo
— Max Keiser, tweet poet. (@maxkeiser) October 21, 2018
— Max Keiser, tweet poet. (@maxkeiser) May 4, 2019
Apart from BTC, even though the fund has invested in some of the major crypto startups like Kraken, Bitfinex as well as ShapeShift, it still believes these coins are not here for too long. It even predicts that Ethereum, XRP as well as BNB, which has this year’s best performing altcoins will also fail to make it big in the upcoming future.