Major Bitcoin Bull, Max Keiser who had officially raised his bitcoin target from $100K to $400K says ‘Bitcoin’s competitors will be eviscerated in the future'.Â
According to Keiser’s recent episode, broadcasted on Reuter on July 9th, 2020, Bitcoin will eviscerate or remove the basis of ‘altcoin and government subsidy-welfare bums’.
“So, all these altcoin posers and government subsidy-welfare bums will be eviscerated by the one true bitcoin. It’s about time…†said, Keiser.Â
He further points that we may see 'this year 2020-2021' the total evisceration of all these posers'
Essentially, Keiser’s statement was referring to the document that the US Government indicating at cryptocurrency firms that received ‘PPP loans’. For those who are unaware, PPP loans are Paycheck Protection Program, designed to offer ‘direct incentive for small businesses for their worker's payroll, rent, utilities, or mortgage interest'.Â
While crypto proponents on social media indicating the current market scenario as ‘Altseason’, Keiser strongly believes that no coin can compete for BTC. He went on to say that "Bitcoin has been playing like cat-and-mouse with these other projects to see who's right and who's wrong".Â
He believes that there's a ladder that will take bitcoin price upto $100K/coin but "it's going to destroy every one that gets in his way".Â
“no coin out there that can do something that BTC doesn’t do already or will be able to do shortly.â€
Do you agree with Keiser? Or bet on the alt season? Let us know in the comment below.