Is 70% the Limit for Bitcoin Dominance?
Sky is the limit in all aspects for Bitcoin. Don’t ever sell it short and anyone who does does not grasp its true power.
“Cryptocurrency market analyst Mati Greenspan has speculated that the current levels of Bitcoin dominance versus the rest of the cryptocurrency market might be the highest they will ever reach. He reasons that the last time Bitcoin dominance was as high as it is now, there wasn’t even a “developed market” for non-Bitcoin crypto assets.
However, such a reading seems a little reductionist. For one, it doesn’t take into account the fact that most of the recent rise that has taken Bitcoin to its current dominance levels has been at the direct expense of the altcoin market.”