Pessimistic Altcoin Prediction from Analyst: Even if Bitcoin is 100 Thousand, These Will Disappear!
Cryptocurrency analyst Donalt made statements that were pleasing for Bitcoin (BTC) and devastating for altcoins.
Donalt recently attracted attention with a post he made on his X account. Stating that Bitcoin will inevitably rise above 100 thousand dollars in the coming years, the analyst predicted that most of the altcoins currently popular in the market will have lost more than 90% of their value in those days.
Expressing that he is much more pessimistic about altcoins than Bitcoin, the analyst stated that altcoins will probably continue to bleed while Bitcoin rises:
Imagine that in the coming years you could have a world where Bitcoin is trading above $100k while existing altcoins are trading 90% lower than they are now.
Will 99% of altcoins be garbage?
Experienced names in the cryptocurrency market have attracted attention for years with their predictions that 99% of altcoins will be garbage. While the passage of time has largely justified these predictions, many altcoin projects that shined in the past bull cycles were eventually put on dusty shelves.
Apparently Donalt has a similar view and thinks that even in a world where Bitcoin is here to stay, many altcoins will not find a place for themselves.