https://ethereumworldnews.com/crypto-vcs-bitcoin-nears-100000-2021-altcoins-die-off/amp/Watched this.
Heisenberg Capital, led by Max Keiser and Stacy Herbert, two of the most early cryptocurrency adopters, gave a statement that BTC will probably outperform in the near term and will end the whole game for alts as the whole capital is currently being fetched out of alts and being put in BTC only to make it realize its true value. They believe that 2018 was all a comeback for Bitcoin to claw back the market share out of altcoins.
I've been watching and I'm seeing each and every of their word to be getting proven true as all the alts are just declining and people are trying to steal the only giant cryptocurrency - Bitcoins by only playing the leveraged trading games going on over Futures platforms and exchanges like Bitmex. The volume for each alt is declining to their all time lows while BTC has started showing greater possibilities of breaking its all time record highs once again.
Please share your thoughts on this and tell me what do you think.
I truly agree with this statement because I strongly belive that the community doesn't need so many altcoins. There should be only 3 - 4 cryptocurrencies available in the market and rest all should be scrapped! Because all of these altcoins are wastage of time and energy and also a threat to the crypto market. The investments are getting divided for no reason and making the bitcoin market weaker than its true potential!
We currently have more than 2000 cryptos as per coinmarketcap and 99% of them don't have any utility. For the greater good, these altcoins need to bleed dry!