Crypto VCs: As Bitcoin (BTC) Eventually Nears $100,000, Altcoins Will “Die Off”

Altcoins May Die When BTC Rallies

While there have been a number of calls for an altseason and the death of Bitcoin, BTC has begun to outperform its crypto peers yet again, posting gains when altcoins suffer. As of the time of writing this, Bitcoin dominance sits at a hefty 55.8%, up from lows of around ~35% at the peak of 2018’s bubble.

One venture capital group, Heisenberg Capital, led by anti-establishment proponents and (very) early cryptocurrency adopters Max Keiser and Stacy...

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