The former trader at Wall Street and Bitcoin enthusiast and maximalist Max Keiser recently claimed the Bitcoin dominance heading towards eighty percent (80%) and then the death of Altcoins.
Moreover, encouraging the public to opt for Bitcoin rather than any other crypto asset. He made the claims on his official Twitter handle
#Bitcoin dominance 68.2% – heading to 80% – as alts die in favor of BTC. The 2014-2017 era of alts and hard forks is dead. Don’t be the last to rotate out of alts into BTC.
— Max Keiser, tweet poet. (@maxkeiser) August 6, 2019
According to Coin360’s data, at the time of writing this Bitcoin is dominating at a little over sixty-nine (69.2) percent and the market cap is $210,422,145,970 out of the total $303,923,701,331.
As for Keiser’s claim about the death of Altcoin, the San Francisco Open Exchange (SFOX) indicates that maybe it is compatible with the Ether. The SFOX’s report stated that Bitcoin has way more correlation with the Ether as compared to any other Altcoin.
He further stated that this could probably support the notion that Ethereum that is recognized as an asset is shifting into its terms like blockchain, same as Bitcoin. If the trend continued, then categorizing Ethereum as Altcoin would be inappropriate.
Previously, Keiser made another price prediction for Bitcoin; claiming it to cross fifteen thousand dollars ($15,000) this week as the confidence in a centralized financial system and governments is lowest right now.
I’m sensing #Bitcoin will cross $15,000 this week. Confidence in central governments, central banks, and centralized, fiat money is at a multi-decade low.
— Max Keiser, tweet poet. (@maxkeiser) August 3, 2019
However, the CEO of Circle Allaire did not agree on the claim about low confidence of the central government and central financial systems and stated that the geopolitical conflicts are the reason for the boost in Bitcoin’s growth.