True or False?

Will all other crypto be rejected in the market or "die-off" except for Bitcoin? Since Bitcoin made its debut dazzling everyone from techies to financial gurus, there have been a number of statements and predictions made. Every move within the crypto world is a gamble. Some bets were placed, some poor investments made, some instant billionaires were made, and some became bankrupt overnight. Within those statements and predictions that were made, many have fallen short, and less came true. It should be no surprise that predictions are still being made to this day. In recent news, it was reported that a large venture capital firm, Heisenberg Capital, made quite a prediction and bet.

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The fund, which has financed some of the biggest crypto startups included Kraken, Bitfinex, and ShapeShift, predicts there's no future altcoins. Ethereum, XRP, and this year's best-performing alt-coin BNB, it says, will be rejected by the market.

Heisenberg founders Max Keiser and Stacey Herbert claim their bitcoin maximalism is a long-held philosophy. Now, that concept will be the sole driving force behind their investment decisions.

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According to the article, Mr. Keiser "believes bitcoin will decouple from alt coins and increase its dominance." This, of course, did not come without some criticism. Nevertheless, this is a very peculiar, yet interesting statement. In the news yesterday, "cryptocurrencies have moved to the red zone." Bitcoin is not exempt here and is falling.

According to the Coin360 online platform, Bitcoin (BTC) lost 1.55% in the past 24 hours. The price at the time of writing is $5607 per coin.

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Of course, the market will fluctuate, but since Bitcoin's plunge downward after people were making their quick millions, many have lost faith that it will ever grow back to where it was or remain stable. Yet, as we see in the news, others are continuing to bolster the coin and prop it up by their finances. However, as we've discussed here at GODcoin, any cryptocurrency that is not backed by tangible assets are bound to fail. They remain too volatile, especially with many predicting a new global economic collapse. So, even though one of the biggest venture capital firms predicts Bitcoin will be the only way to go, they will be sorely mistaken when the economy takes a hit. This is why GODcoin will be backed by gold and silver, so you will not have to worry about your investments losing their value as easily as Bitcoin. So, it's hard to believe that Bitcoin will be the only one not rejected on the market. Invest wisely!

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This article was authored by Judith Monte, @belovebelight

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