According to Max Kaiser Bitcoin is destined to expand its domain

Il Bitcoin continues to be a subject of discussion capable of strongly polarizing opinions. As shown by the latest statements issued by Max Kaiser, the now famous conductor of Kaiser Report, long accustomed to amaze his listeners with heterodox and alternative theories on the world of finance.

According to him, in fact, the most famous of the cryptocurrency is destined in the coming years to increase its influence more and more attracting the attention of investors (see Bitocoin quotation in real time) to the detriment of the Altcoins, which would even be destined to disappear.

An opinion that seems to follow the one issued by Anthony Pompliano, the founder of Morgan Creek Digital Assets, according to which by 2021 the value of Bitcoin will have reached 100 thousand dollars (Bitcoin forecasts) An opinion deriving in particular from the fact that the halving of the fees for the mining of new blocks on the chain (Bitcoin halving), scheduled for May next year, will result in a logical price increase.

(See guide how to buy Bitcoins)

Moreover, Pompliano himself has shown to strongly believe in the occurrence of his prophecy, so much so as to have decided to invest half of its assets in BTC.

Kaiser's statements

Keizer's statements on virtual currencies were released in the course of an articulated interview granted to CNBC and start from the acknowledgment that the market is currently in a bullish phase. A positive moment which, however, will only be able to enjoy in the end BTC, while the other cryptocurrency, even the strongest ones, are destined to grow in a stunted way, if not even to remain at the stake. The reason that explains this evolution would lie in the fact that the virtual uniform attributed to Satoshi Nakamoto is increasingly configurable as a value reserve, thanks to the activation of the Segregated Witness (SegWit) and the adoption of the lightning network protocol. If currently the market dominance of Bitcoin is around 60%, this incidence is destined to touch in the next few years levels which should ultimately be between 80 and 90%.

Is the Altcoin phenomenon destined to end?

As a further reinforcement of his theory, Kaiser then stated that the Altcoins would be nothing more than widespread less-supported clones of Bitcoin, and for this very reason destined to finally give way. A thesis that finds support in Peter Brandt, according to which only the BTC will enjoy the bullish phase, but opposed by many analysts who are instead ready to bet on keeping and strengthening alternative projects, for example Ethereum or Ripple.

A seal deriving precisely from the technological superiority of these assets, which, moreover, were launched precisely to give stringent answers to the problems manifested by BTC over time and which would prevent it from being used in online transactions and banking transactions.

Without, however, considering the disruptive force of a project like Pound, founded on the invasiveness of a social media like Facebook, which, moreover, is causing worries in the political world even stronger than those that have accompanied Bitcoin since the beginning, going to threaten balances that seemed consolidated by now.