Max Keiser: Bitcoin Will Dominate, Head To 80% Market Share As Smaller Altcoins Will Die Out

Recently, Jeremy Alliare — the CEO of Circle — went on record to state that the various geopolitical conflicts currently taking place around the globe were playing a big role in boosting BTCs adoption rate. He also added that things like increasing nationalism, rising amounts of currency conflict, trade wars, were all contributing towards the masses moving in the direction of digital currencies.

  • Keiser is a popular crypto analyst who hosts a program called the ‘Keiser Report’ on Russian state-media channel RT.
  • He is well known for his crypto advocacy efforts as well his pro Bitcoin stance .

Former Wall Street honcho turned TV-analyst, Max Keiser, recently posted a tweet in which he claimed that BTCs dominance index was all set to reach the 80% mark in the near future. Not only that, as part of his predictions he also stated that most other altcoins would die out soon and thus it would be best if investors started to “rotate out of their other crypto assets and get into BTC”.

In this regard, it bears mentioning that a recent report released by the San Francisco Open Exchange (SFOX) also seems to suggest that while other smaller altcoins may die out in the coming years, Ether — the world’s second largest crypto by total market capitalization — will continue to flourish (primarily because of its massive correlation with BTC). The report states:

“This may support the idea that Ethereum is coming into its own as a blockchain that is publicly recognized as an asset on its own terms, much like Bitcoin. If this trend continues, it may become inappropriate to categorize Ethereum as an ‘altcoin’ on par with other cryptoassets that are not Bitcoin.”

Last week, Keiser claimed that with Bitcoin’s price movements looking bullish again, it would not be surprising to see the premier crypto asset surge past the $15,000 mark within the next 4-5 days.

As part of his analysis, Keiser also mentioned that the public's confidence in centralized governments and financial institutions was currently at an all time low.

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Shiraz J
Shiraz is a multi-year cryptocurrency analyst and blockchain journalist residing in Melbourne, Australia. When he is not writing about the bitcoin ecosystem, he enjoys the art of meditation, playing the blues and traveling the world.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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