By : One of crypto’s biggest venture capital firms is going all in on . says it is “doubling down on Maximalism with new capital,” while sounding the death knell for .
We see the market rejecting everything, except .
This has been our dominant investing thesis since 2011.
We’re doubling down on Maximalism with new capital.
As climbs toward our 2011 target of $100,000, we believe everything except will die-off.
— Heisenberg Capital (@HeisenbergCap)
In the same tweet, Heisenberg Capital reaffirmed its $100,000 price target on , a 1,664 percent premium on today’s .
“Everything except BTC Will Die off”
The fund, which has financed some of the biggest crypto startups included Kraken, Bitfinex, and ShapeShift, predicts there’s no future . , XRP, and this year’s best-performing alt-coin BNB, it says, will be rejected by the market.
Heisenberg founders Max Keiser and Stacey Herbert claim their is a long-held philosophy. Now, that concept will be the sole driving force behind their investment decisions.
is breaking away from the pack.
— Max Keiser, tweet poet. (@maxkeiser)
Per Keiser’s tweet above, he believes will decouple from alt coins and increase its dominance.
bitcoin Price Will Rage to $100,000
Heisenberg also took the opportunity to double down on its optimistic price target of $100,00.
Keiser says the bullish surge to $100k will be driven by a supply shock. ’s capped supply of 21 million will inevitably trigger a gold rush as supply diminishes.
Max Keiser: $28,000 for and then a supply shock as price gaps to $100,000 | Price Predictions: From Zero to a Million – What do the Experts Think?
— Max Keiser, tweet poet. (@maxkeiser)
This theory will be tested in May 2020 when the output will be halved. Historically this four-year “halving” which begins a year in advance.
If Keiser is right, that’s a 1,664 percent gain from today’s price ($5,668 at the time of writing). Keiser also holds a shorter-term prediction of $28,000.
bitcoin Dominance? Not Everyone Agrees
Heisenberg’s tweet triggered a strong response from those quick to disagree. One commenter pointed out that alt coins drove the 2017 rally, with falling outside the top-ten performers.
wasn’t even a top 10 performer during the 2017 bull run! has provided better returns since early 2017 than since 2015. 🤔
There’s more than one “Everything” & there will be more than 1 .
— Sergio Bowers (@SergioBowers1)
Other rejectors compared it to the market for tech companies: “That’s like saying everything but Google.com will die off.”
That’s like saying everything but Google . com will die off.
In regards to the largest crypto use case; international money xfer, will take as long as SWIFT once volume picks up.
— 🇺🇸TheRippening🇧🇬 (@The_Rippening)
The stance also seems at odds with what’s known as “,” a period in which surge in value before a wider crypto market bull run.
What about Heisenberg’s Investments?
The fund’s prediction that “everything except will die off” seems somewhat strange given some of the firm’s investments. One of its biggest-name investments is ShapeShift – an exchange designed to exchange between and .
The firm has also in alternative projects including Storj, Startcoin, and .fish.
It looks like Heisenberg will pivot away from any investments in the future and focus solely on going forward.
Published at Mon, 06 May 2019 12:27:49 +0000
