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  • Bitcoin Boom to $100K Will Destroy Altcoins, Predicts Crypto Firm – BTC, Ethereum, XRP, Litecoin Forecasts

Bitcoin Boom to $100K Will Destroy Altcoins, Predicts Crypto Firm – BTC, Ethereum, XRP, Litecoin Forecasts

May 06, 2019

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A crypto venture capital firm led by Wall Street veteran Max Keiser says Bitcoin will rise to $100,000 at the expense of all other crypto assets.

Heisenberg Capital says it’s pouring new capital into the leading cryptocurrency in anticipation of the market “rejecting everything” except BTC.

https://twitter.com/HeisenbergCap/status/1125104461465182208

The fund has invested in a number of leading crypto companies including Bitpay, Kraken, ShapeShift and Bitfinex. The post triggered an instant response on crypto Twitter in defense of alternate cryptocurrencies.

Market rejecting everything can change from one day to another. Anyways, it would be nice that many shitcoins disappear, but you forget that some of them have strong fundamentals, strong partnerships, real use case, working product and they 'll grow.

Right now, the crypto market is mixed, with Bitcoin up 0.14% at $5,680, according to Coin360. Ethereum is up 8.28% at $173.83 and XRP is up 0.42% at $0.3005.

Technical analysts are watching Bitcoin’s resistance at $5,700, with CoinDesk’s Omkar Godbole calling out risk of a short-term pullback.

Bitcoin

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Ethereum

XRP

Live Bitcoin News – XRP bulls now facing uphill task

Litecoin

Ethereum World News – Risk of downside extension below $70

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