Bitcoin (BTC) is and will always be the best cryptocurrency in the market. This is what Max Keiser suggested during another episode of the Keiser Report. As he stated, Bitcoin’s dominance over the last few years has been pushed higher by Bitcoin. From 33% between 2017 and 2018, Bitcoin now represents over 65% of the total market valuation in the cryptocurrency space.Bitcoin Remains the Favourite Coin
During the last years, there has been a large number of projects that aimed at solving many things that Bitcoin couldn’t handle. In addition to it, several altcoins aimed at creating solutions for many problems in a wide range of industries. One of the periods with the largest number of projects launched was between 2017 and 2018.
Nonetheless, these projects have no intrinsic value according to Max Keiser. Indeed, Bitcoin remains the largest cryptocurrency and the one that has proved to be here for the long term. Meanwhile, several coins that were created during the Initial Coin Offering (ICO) craziness are still over 99% down from their highs and do not show signs of recovering in the near future.
Keiser has also moved on by saying that Bitcoin will overtake gold while many altcoins will disappear in the coming years.Watch our full episode with Max Keiser for FREE on our website here: https://t.co/JFmK5mToOC What other crypto coins can be complimentary to Bitcoin? Take a listen to Max Keiser as he explains more. #LondonRealArmy pic.twitter.com/HPDW2oiAi4 — London Real (@LondonRealTV) May 26, 2020
Altcoins that were created by companies through Initial Coin Offerings (ICOs) in the last years may never recover from their bear market. Indeed, some of these altcoins were only used to gather funds through the Initial Coin Offering period in the last years. Just a few ICOs were able to successfully reaching the top 100 but not all the coins were able to experience the same growth.
Bitcoin, instead, is the largest cryptocur...