Bitcoin has quite evidently dominated the ecosystem since the time of its origin. Bitcoin’s dominance and popularity in the financial world have quite often resulted in the community debating about altcoins. Several times strong correlations between the two have been witnessed. However, in a recent discussion by CNBC, early Bitcoin investor Charlie Shrem was asked if altcoins were dead and if it could finally be buried.
Charlie Shrem suggested that there might be some hope left for altcoins as they were continually developing. He believes that the community will witness a “whole new wave of alts.” Shrem said,
“They’re going to see the next level of what are they, different projects, different companies doing different things, but learning from the mistakes that we have in the past.”
Shrem went on to say that a number of companies hadn’t launched any projects where the tokens could be used. This, in turn, posed as a big problem to these companies as they did not get any value out of it, he added.
He concluded his segment by implying that, he wouldn’t be selling his altcoins as he has only a few thousand dollars in them, however, he also suggested that he would have sold it if he had large amounts in them. He said,
“I’m just kind of holding out and seeing if something happened down the road because at this point it’s not worth selling for 2000. If it goes to zero, whatever, but if it goes to 20,000 then at least I make something.”
Yoni Assia, CEO of eToro, also present in the discussion suggested that he would continue holding his altcoins and would not market selling it.
Where to Invest?
Subscribe to our newsletter