One of the biggest venture capital firms in the cryptocurrency space is in the latest cryptocurrency news. In fact, we see the fund reporting about a $100,000 Bitcoin price which could “double down on Bitcoin maximalism with new capital.” According to Heisenberg Capital, there is a price target on Bitcoin at $100k which would represent a 1,664% rise on today’s Bitcoin price.
#Decoupling #Bitcoin is breaking away from the pack. pic.twitter.com/2iuWA2lVjS
— Max Keiser (@maxkeiser) May 4, 2019
The fund has made the $100,000 Bitcoin price estimate boldly. After financing some of the biggest crypto startups such as Kraken, Bitfinex and ShapeShift, the fund predicts that there will be no future altcoins. As the tweet indicates, Ethereum, XRP and this year’s top-performing coin Binance Coin (BNB) will all be rejected by the market and go extinct.
The founders of Heisenberg Capital, Max Keiser and Stacey Herbert also claim that their Bitcoin maximalism is a long-held philosophy. For them, a $100,000 Bitcoin price is completely realistic and the sole driving force behind their investment decisions.
Going viral and published by many best cryptocurrency news sites, the tweet indicates that Bitcoin price will rage to $100,000 in a bullish surge which will be driven by a supply shock. Bitcoin’s capped supply of 21 million will in that way trigger a gold rush as the supply diminishes.
Max Keiser: $28,000 for BTC and then a supply shock as price gaps to $100,000 | Bitcoin Price Predictions: From Zero to a Million – What do the Experts Think? https://t.co/ApAgPiNFAo
— Max Keiser (@maxkeiser) October 21, 2018
The $100,000 Bitcoin price theory will be tested in May 2020 when the price of Bitcoin will be halved. Historically, this four-year halving will trigger a huge run-up in prices which will begin a year in advance.
Obviously, this is only an estimate right now. However, if Keiser is right, a 1,664% increase in the Bitcoin price is expected – shutting down the altcoin news and putting Bitcoin in the focus. Keiser also holds a shorter-term prediction at $28,000. However, the $100k Bitcoin is in the main focus.
This tweet has triggered a lot of strong responses, especially in the coming altcoin news, because of the possible altcoin extinction. One commenter even pointed out that the altcoins were the ones that drove the 2017 rally, indicating that a $100,000 BTC price won’t fall out on the top ten performers.
#BTC wasn't even a top 10 performer during the 2017 bull run!#EthereumForPrimeMinister has provided better returns since early 2017 than #BitcoinForPresident since 2015. 🤔
There's more than one "Everything" & there will be more than 1 cryptocurrency. pic.twitter.com/El4fW4bT6C
— Sergio Bowers (@SergioBowers1) May 6, 2019
Other rejectors compared this tweet to the market for tech companies, saying “that’s like saying everything but Google.com will die off.” There is no doubt that the fund’s $100k Bitcoin prediction seems somewhat strange.
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