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Altcoin Apocalypse? Blockstream CEO Predicts 90% Crash

Altcoin Apocalypse? Blockstream CEO Predicts 90% Crash

Unsurprisingly, the cryptocurrency market is incredibly volatile, and forecasts of major market changes frequently cause a stir. In the past few weeks, there has been growing public concern about a forthcoming altcoin crash, with some analysts predicting 90% declines. This piece takes a closer look at whether any of these...

Blockstream CEO Adam Back Foresees a Grim Future for Altcoins

Blockstream CEO Adam Back Foresees a Grim Future for Altcoins

Even Adam Back, CEO of Bitcoin infrastructure company Blockstream, recently cautioned investors to avoid altcoins. In doing so, he even claimed their value might fall by up to 90%. Back’s warning underscores an important reality. As illustrated on the Altcoin Season Index, altcoins have never been this drastically underperforming against...