Since the peak of the crypto bull market in 2018, Bitcoin has been at the forefront of most investors.
Bitcoin dominance - the percentage of the cryptocurrency market made up of BTC - has doubled from the lows of 33%, while a number of altcoin projects have disappeared due to funding problems and lack of public interest.
Even still, there are still thousands of projects with a cumulative value of tens of millions promising to be the “next BTC” or something like that.
But according to Max Keizer, the host of the "Keizer report" on RT and one of the first Bitcoin bulls ", these projects have no intrinsic value.
BITCOIN IS ALWAYS STRONGER THAN ALTCOINS
In a recent interview with London Real, Keizer doubled his long-standing feeling that altcoins provide little (if any) value on Bitcoin .
Since the peak of the crypto bull market in 2018, Bitcoin has been at the forefront of most investors.
Bitcoin dominance - the percentage of the cryptocurrency market made up of BTC - has doubled from the lows of 33%, while a number of altcoin projects have disappeared due to funding problems and lack of public interest.
Even still, there are still thousands of projects with a cumulative value of tens of millions promising to be the “next BTC” or something like that.
But according to Max Keizer, the host of the "Keizer report" on RT and one of the first Bitcoin bulls ", these projects have no intrinsic value.
BITCOIN IS ALWAYS STRONGER THAN ALTCOINS
In a recent interview with London Real, Keizer doubled his long-standing feeling that altcoins provide little (if any) value on Bitcoin .
IT IS A COMMON FEELING
Keizer is not alone in touting the feeling that altcoins are still pale compared to Bitcoin despite technical developments and billions of dollars in funding.
Kevin Rose, co-founder of the digital media site Digg and general partner of True Ventures, recently told TechCrunch the following:
The problem is that 99% of the projects out there and a lot of the people who support them are there just for pure financial gain. And there is a lot of garbage there. And it's a shame because it really lowers high-quality projects, and it blurs the space a bit. "
Rose led Google Ventures' investment in Ripple which took place in 2013.
Trader / analyst Steve Burns, who has more than 200,000 Twitter followers, echoed this sentiment. He said he thinks “99.9% of altcoins go to $ 0 [… over a] purchase and hold period”, adding that he thinks because “they have zero value”.
There is technical evidence suggesting that Bitcoin will also outperform altcoins.
According to previous PassionCrypto reports , Josh Olszewicz, Brave New Coin crypto analyst, observed on May 15 that the Bitcoin dominance board printed a golden cross from the manual.
The arrival of the golden cross, the analyst suggested, is a sign that those who are waiting for an "altcoin season" may be brutally awakened.
Graphic by Josh Olszewicz (@CarpeNoctum on Twitter), crypto analyst at Brave New Coin. The graph shows the dominance of Bitcoin printing a formation of "golden cross".
