Renowned Crypto Analyst Willy Woo Predicts No Future for Altcoins

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Adaptive Fund analyst Willy Woo is known for meaningful and accurate Bitcoin forecasts. Recently, he has warned investors to steer clear of altcoins, though they have been waiting for altcoin season to come for some time now.

Altcoins, all cryptocurrencies that are not Bitcoin, have been on the rise, but Woo argues that trader should not hold their breath for better performance. In his analysis, he details why altcoin season is not coming soon, citing at least the end of 2019 or beginning of 2020 until performance starts to improve.

He continues, warning his followers that based on his many years in the industry, he is certain that altcoins cannot survive long term, with there existing only a few exceptions, including Ethereum (ETH).

His tweets received a lot of attention and further analysis: