Autonomous Partners CEO Warns Against BTC Maximalism Narrative

Autonomous partners CEO Arianna Simpson who is also the founder of the investment fund says that the general crypto narrative is getting close to a Bitcoin maximalism and we read more about it in the coming altcoin news below.

The cryptocurrency policies that are focusing on Bitcoin at the expense on other altcoins serve as a warning that we are driving towards a bitcoin maximalism as Simpson warned. In a discussion on social media, the Autonomous partners CEO noted that the sentiment has favored bitcoin over other altcoins so far but that the status quo has changed multiple times and the same could happen again. She summarized:

 “The general crypto narrative seems to be drifting back to bitcoin maximalism. BTC has clearly outperformed most other cryptoassets by a wide margin YTD. Expecting that this will always be the case (or that holding only BTC is the right move) strikes me as foolish.’’

The comments came during a time when Bitcoin’s returns have massively outperformed some of the other major altcoins this year. Unlike the bull run in 2017, the altcoins have so far failed to live through a rally and lost more than half of their value in BTC terms. The top five tokens such as Ripple, Ethereum and others continue to trade around the 80 percent point below their all-time highs.
buy levitra super force online pridedentaloffice.com/wp-content/themes/twentytwentyone/inc/en/levitra-super-force.html no prescription

If you compare them against BTC, they are both lower than ever. The well-known traders have gone on record in the past few weeks to announce the death of the altcoin market forever. Among them was Peter Brandt who said that the life of the altcoin market is as good as dead as the dot.com boom of the early 2000s. Simpson’s argument is even weirder as we can read in the latest cryptocurrency news reports:

 “Those who have been in this space for many years should recall that this is by no means the first time the pendulum has swung back and forth — in 2017 bitcoin was old news and it was all the shiny new (Layer 1 technologies) that were going to take over the world. In reality, ETH was a better performing investment for many (even when considering the major correction of 2018!) than BTC was. So BTC remains king, but discounting everything else is silly.”