The way Bitcoin Maxis are devouring Altcoins, it is very difficult to sustain Altcoins in the future, especially when the president's family member say that he is a Bitcoin Maxi. Many people here may not understand what this means, so let's say it briefly. Bitcoin maxi means that Eric Trump thinks Bitcoin is the only real cryptocurrency, all other tokens are not that important.The
news: "Eric Trump said at the recent Wyoming Blockchain Symposium that he’s a “bitcoin maxi,” predicting $175K BTC this year and $1 million eventually". Many of us have already seen that when the price of Bitcoin increases, the price of Altcoin increases, and when the price of BTC decreases, the price of Altcoin decreases, but this is not actually true. Look at the graph below and makes it easy to understand --
You're looking into his statement too much. Him being a maxi can just means he's all bullish about it fully, doesn't mean the altcoins will be left behind.
Have you seen the WLFI holding, a defi that he owned? it keep stacking ETH that as of 25th july its reserve worth $281 million. Clearly he's also bullish with some altcoin.
I think you're just being paranoid here, altcoin will have its own market.
Very well being a Bitcoin or any coin maxi make a bold statement that their are aggressive on their Bitcoin or altcoins accumulation this is what it means as far as cryptocurrency related phrase is concerned, so bullish doesn't mean any negative thing to the cryptocurrency space rather it gives more confidence to investors and gaining mainstream recognitions.