Xapo president Ted Rogers suggested cryptocurrency markets could be facing a “mass extinction event” as Bitcoin’s fresh downturn drags altcoins ever lower.
‘Incredible Opportunity’ To Buy Bitcoin
In Twitter comments August 13, Rogers said current conditions may prove timely for a wipeout involving “90 percent” of cryptocurrency assets listed on Coinmarketcap.
Conversely, he added, Bitcoin trading around $ 6000 provides an “incredible opportunity” to buy.
“We could be in the midst of the extinction-level event for ‘cryptoassets’ that many maximalists have predicted. 90%+ of [the CoinMarketCap] list will disappear eventually – might as well happen now,” Rogers wrote.