One of the world’s largest cryptocurrency and digital asset fund managers, Heisenberg Capital, has issued a Bitcoin maximalist claim, saying that Bitcoin will target USD 100,000 by 2021 and in the process, kill off “everything except BTC”.
The firm has decidedly gone all in on Bitcoin, following the lead of others like John McAfee in the past, by “doubling down” on Bitcoin with new capital and simultaneously making the bold claim that the days of altcoins are numbered.
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
Their chief basis for this is how the crypto market seems to be constantly “rejecting everything, except BTC”. However, judging from early comments on their Tweet, followers are not too happy about this prediction, insisting that altcoins still have their place in the crypto ecosystem.
Twitter user Josh Rager, who claims to also being a Bitcoin maximalist, begs caution:
“…let’s not forget assets in the future backed by new technological advancement and tokenized assets…”
Heisenberg Capital has in the past financed some of the biggest names in the industry, including Kraken, Bitfinex, and ShapeShift, who have all gone on to do well, with business primarily centered around Bitcoin.
Their founders, Max Keiser and Stacey Herbert, are proud proponents of Bitcoin maximalism, which is a theory that Bitcoin will one day monopolize the crypto industry.
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