Max Keiser Predicts Bitcoin Dominance, Death of Altcoins and Hard Forks

Bitcoin maximalist and former Wall Street trader Max Keiser has recently claimed that Bitcoin (BTC) dominance is heading to 80% and that altcoins are dying, further urging the public to rotate out of other crypto assets and into BTC.

Keiser announced his latest views in a Twitter post on Aug. 6:

“#Bitcoin dominance 68.2% — heading to 80% — as alts die in favor of BTC. The 2014-2017 era of alts and hard forks is dead. Don’t be the last to rotate out of alts into BTC.”

According to data provided by Coin360’s summary table, BTC is sitting at a dominance of around 69.2% at press time, as its market cap is $210,422,145,970 out of a total $303,923,701,331.

In regards to Keiser claim that altcoins are dying, recent analysis from the San Francisco Open Exchange (SFOX) suggests that perhaps this is compatible with Ether (ETH) continuing to thrive. In the SFOX report, the author wrote that BTC has a much larger correlation with ETH than other altcoins, further arguing:

“This may…