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Bitcoin Price Will Hit $100,000, Pushing Altcoins Out of Existence: Report

Mon, 05/06/2019 - 12:44
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Yuri Molchan
??At VC company Heisenberg Capital, run by Max Keiser, analysts reckon that as Bitcoin approaches $100,000, altcoins will become history
Bitcoin Price Will Hit $100,000, Pushing Altcoins Out of Existence: Report
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Heisenberg Capital, a venture capital company whose founders include the supervision of prominent Bitcoin supporter Max Keiser, has tweeted that by the time Bitcoin gets to the $100,000 mark, the market will get rid of all altcoins.

A Bitcoin rally may put an end to altcoins: Max Keiser

Presently, Bitcoin dominates the market by over 50 percent after the peak of 35 percent during the crypto winter last year. Back then, some kept saying that the days of Bitcoin are over, and altcoins were about to conquer the market and investors’ money.

Max Keiser and Stacy Herbert, both of whom lead Heisenberg Capital, believe that Bitcoin’s influence on the market will keep increasing.

Having posted a tweet recently, they have stated that the market is pushing away anything but Bitcoin. This seems to be partly true since after the strong bearish dominance of 2018, Bitcoin now seems to be gradually recapturing its gains while altcoins are losing them after being overvalued last year with too much hype around them.

In the tweet, the company indirectly assumes that altcoins do not have enough solid value or real use cases for the market, so they will die out as Bitcoin keeps growing.

This seems to be true – if you look back at the top market cap coins in 2013, such as Namecoin, Feathercoin or Peercoin, they are now long gone, replaced with EOS, Ethereum, XRP, etc.

WSJ: Bitcoin Price Rally Has Placed Crypto Among Biggest Winners of 2019

How Bitcoin will get over $100,000

In an interview a while back, Max Keiser stated that Bitcoin’s price would be propelled by the technical characteristics of its protocol.

He called Bitcoin a black hole of the financial market, which would ultimately consume all other assets.

“Bitcoin is the monetary black hole that will gobble up all fiat and rise to more than $100,000 doing it.”

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at