Benjamin Cowen Warns Most Altcoins Headed to Zero
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Benjamin Cowen warns that most altcoins are likely to go to zero as the market undergoes a cleanse, particularly during midterm election years which typically lead to bear markets. Altcoins have declined 40% against silver since December, while Bitcoin maintains a market dominance of 59.1%, trading near $88,000.
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- Benjamin Cowen warns most altcoins will likely go to zero during market cleanse.
- Analyst states midterm years typically create bear markets for cryptocurrency.
- Altcoins declined 40% against silver since December bottom-calling predictions.
Benjamin Cowen, CEO of Into the Cryptoverse, issued a warning that most altcoins should and likely will go to zero. The analyst posted on X that traders should “stop believing in the alt season just because some guru told you it would happen.” Cowen characterized the cryptocurrency asset class as requiring cleansing of “useless garbage” with midterm years providing ideal conditions for this process.
The warning arrives as Bitcoin maintains 59.1% market dominance while trading near $88,000. Cowen pointed to historical patterns where Bitcoin strengthens during U.S. midterm election uncertainty, with November 2026 elections approach…
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