Max Keiser Believes Bitcoin Will Outlast All of Today’s Popular Alternative Cryptocurrencies
- In Keiser’s opinion, Bitcoin is the best crypto-SOV (Store of Valve) available in the market today.
- He also believes that as Bitcoin’s scaling issues are gradually addressed, more and more people will start to sell their altcoin holdings and invest exclusively in the flagship cryptocurrency.
Perennial crypto bull Max Keiser was recently interviewed by a CNBC news anchor regarding the future of Bitcoin as well as the crypto market in general.
In regards to the matter, Keiser pointed out that as the adoption of technologies like SegWit (Segregated Witness) and the Lightning Network (LN) continues to increase, we will see more and more people move their funds from various altcoins (such as EOS, ETH,BCH, etc) into BTC.
At press time, Bitcoin’s current market dominance quotient stands at just over the 60% mark. In Keiser’s opinion, this figure could go up to anywhere between the 80%–90% region in the near future.
Well respected trader and economist Peter Brandt was recently quoted as saying that even though the future looks bright for Bitcoin, it is most likely that other crypto tokens will not be able to feel any “bullish momentum” as and when we see the start of the next crypto bull season.
Additionally, Brandt is also of the opinion that the upcoming bull run will only see a handful of crypto tokens experience any major price movement.