Heisenberg Capital Says Bitcoin At $100,000 Would Kill Other Digital Currencies By 2021
According to Heisenberg Capital, one of the largest venture capital firms in the cryptocurrency market, Bitcoin could kill other virtual currencies in the future. The venture capital firm seems to be almost all-in on Bitcoin and is supporting the digital asset for it to expand in the market even more.
Heisenberg Capital All In On Bitcoin
In a recent tweet uploaded by Heisenberg Capital, the firm explained that they see the market rejecting everything with the exception of Bitcoin and that they have been investing in this digital asset since 2011. Moreover, they said that they are doubling down on Bitcoin maximalism with new capital.
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
At the same time, they have also predicted Bitcoin to reach $100,000 in the future and it to be the only leader in the market. That represents an increase of over 1,600 percent from the current value.
The company has already provided funds to many companies in the cryptocurrency space such as Kraken, Bitfinex, ShapeShift, and many others. Moreover, the firm predicts that there is not going to be future altcoins. Ethereum (ETH), Litecoin (LTC), Binance Coin (BNB) or XRP would not survive in the future.
The fund has been founded by Max Keiser and Stacey Herbert and follows a Bitcoin maximalism philosophy. In the last few weeks, Bitcoin has been traded positively while other digital assets were falling. At the same time, the most popular cryptocurrency has already surpassed 55% market dominance.
Max Keiser expects Bitcoin to reach $100,000 because there will be a supply shock in the future. There will never be more than 21 million BTC in the future. With a growing or stable demand for the asset, the price of the digital asset could reach new all-time highs. Moreover, in as soon as the next year, Bitcoin is going to be halving and reducing its new issuance of Bitcoin from 12.5 BTC to 6.25 BTC.
Other experts such as Tim Draper believe that Bitcoin is going to reach $250,000 in the future, while John McAfee expects the digital asset to be traded close to $1 million.