tldr; Bitcoin’s market dominance has reached 64.58%, driven by high institutional demand and limited supply, according to Fold CEO Will Reeves. He attributes this to the rise of Bitcoin treasury companies and ETFs, which have attracted significant capital. Reeves warns that altcoins remain speculative and lack Bitcoin’s stability and proven track record. He predicts Bitcoin’s dominance will continue to grow, solidifying its position as the leading cryptocurrency, while altcoins face a more uncertain and volatile future.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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He needs to look at what’s been happening to Bitcoin dominance over the last 10 years. It’s been trending downward overall with waves up and down.
Another thing is Bitcoin’s returns have been slowing down on a log-linear scale. Not all market participants are looking to make slow steady gains, and they certainly weren’t looking to do that with Bitcoin 10 years ago, when Bitcoin rallies were much more explosive than they are today.
64.58% is already a very high level for Bitcoin dominance these days, and I don’t see it going much higher than that, if at all. If the crypto market as a whole wants to grow in the future, it can’t be just off Bitcoin like the maxis would want you to believe
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tldr; Bitcoin’s market dominance has reached 64.58%, driven by high institutional demand and limited supply, according to Fold CEO Will Reeves. He attributes this to the rise of Bitcoin treasury companies and ETFs, which have attracted significant capital. Reeves warns that altcoins remain speculative and lack Bitcoin’s stability and proven track record. He predicts Bitcoin’s dominance will continue to grow, solidifying its position as the leading cryptocurrency, while altcoins face a more uncertain and volatile future.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
He needs to look at what’s been happening to Bitcoin dominance over the last 10 years. It’s been trending downward overall with waves up and down.
Another thing is Bitcoin’s returns have been slowing down on a log-linear scale. Not all market participants are looking to make slow steady gains, and they certainly weren’t looking to do that with Bitcoin 10 years ago, when Bitcoin rallies were much more explosive than they are today.
64.58% is already a very high level for Bitcoin dominance these days, and I don’t see it going much higher than that, if at all. If the crypto market as a whole wants to grow in the future, it can’t be just off Bitcoin like the maxis would want you to believe