While an altseason in the making is predicted by Peter Brandt, we can also see that the Bitcoin price news are full of updates as Bitcoin stalls in the $9,000 region. The dominance that this coin has is now even bigger, and the BTC dominance metric was recently rejected at an important trendline. Max Keiser doubles down on Bitcoin and says that no altseason will happen, while BTC has a potential to reach $100,000 by 2022.
According to analysts, the fall of this dominance aligns with the plans for an “altseason” but Max Keiser does not think so. In an episode of the Keiser Report published on July 9, he said that all of Bitcoin’s competitors will “be eviscerated” in the future.
“So, all these altcoin posers and government subsidy-welfare bums will be eviscerated by the one true bitcoin. It’s about time…”
Max Keiser doubles down on Bitcoin again and this time, he also referenced documents from the US government that show how a number of cryptocurrency firms received “PPP” loans. The latest thoughts by the investor on the efficacy of altcoin projects come shortly after he told Brian Rose from London Real that Bitcoin is unlikely to be usurped by altcoins.
In the report, Keiser noted that there is “no coin out there that can do something that BTC doesn’t do already or will be able to do shortly.” He also added in a comment days later that Bitcoin dominance is likely to eventually reach 99% again in the crypto news.
Previously, Keiser also discussed the price outlook for Bitcoin and told Alex Jones that $100,000 may even be too low, citing a new expectation of his BTC targets and saying:
“I am officially raising my target for BTC — and I first made this prediction when it was $1, I said this could go to $100,000 — I’m raising my official target for the first time in eight years, I’m raising it to $400,000.”
Along with many other factors, Max Keiser doubles down on Bitcoin and sees scarcity as a leading reason why the asset will appreciate so far in the future. He even took the courage to comment on the stock to flow model by the analyst PlanB (which predicts BTC at $100k by December 2021) and said:
“So far, the arguments “debunking” S2F for BTC appear to be just random word-salads by attention seekers. S2F is a valid and vital analysis of #Bitcoin price that provides excellent insight into the market.”
So far, the arguments “debunking” S2F for BTC appear to be just random word-salads by attention seekers.
— Max Keiser (@maxkeiser) July 3, 2020
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