The digital asset market will gradually reject all altcoins, leaving room only for the first cryptocurrency. However, first Bitcoin should increase significantly in price. This was stated by analysts of the venture capital company Heisenberg Capital.
We see the market rejecting everything, except BTC.
This has been our dominant investing thesis since 2011.
We’re doubling down on Bitcoin Maximalism with new capital.
As BTC climbs toward our 2011 target of $100,000, we believe everything except BTC will die-off.
— Heisenberg Capital (@HeisenbergCap) May 5, 2019
According to CoinMarketCap, the weighted average price of Bitcoin decreased by 2.04% and amounts to $ 5665.
As stated at official website, Heisenberg Capital is "riding the crypto wave. Since 2011". It had invested in such big players as Kraken, Shapeshift, Bitfinex, Bitpay and many other.
Earlier in May, the famous Bitcoin critic and billionaire Warren Buffett called Bitcoin a gambling tool that does not produce anything useful.