Hello, recently one of the most famous traders Tone Vays said that next bull run will cause altcoins crash because people will start with the massive sale of altcoins and they will put everything in Bitcoin.
Do you agree with him? Really only Bitcoin survives?
We don't know, the last time we have a massive bull run, altcoins also rises to I don't think that majority will really sell their altcoins just to go to bitcoin market. Although there is this practice of shifting funds around, but I don't think that investors will just ditch their beloved altcoins.
Maybe what will happen is that those shitcoins holders will not but not the top 2-50 altcoins. That is the difference, we have shitcoins and then there's altcoins like Ethereum, XRP, Litecoin and others that will still thrive as well in a bull-run, but shitcoins? maybe dumpsters will just shit on them and move to bitcoins, lol.
Of course, the garbage will be removed from the cryptocurrency market, but we do not know which projects will be destroyed. As many analysts said, almost 60% of all altcoins do not have a real product, this says that the current state of the cryptocurrency market will destroy them and indeed we will not see them at the next running bull.