{"id":396214,"date":"2019-09-16T22:00:55","date_gmt":"2019-09-16T22:00:55","guid":{"rendered":"https:\/\/ktsl888.com\/?p=396214"},"modified":"2024-06-11T13:25:27","modified_gmt":"2024-06-11T13:25:27","slug":"is-70-the-limit-for-bitcoin-dominance","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/is-70-the-limit-for-bitcoin-dominance\/","title":{"rendered":"Is 70% the Limit for Bitcoin Dominance?"},"content":{"rendered":"

Cryptocurrency market analyst Mati Greenspan has speculated that the current levels of Bitcoin dominance<\/a> versus the rest of the cryptocurrency<\/a> 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.<\/p>\n

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.<\/p>\n

The Only Upper Limit on Bitcoin Dominance is 100%<\/h2>\n
Posting to Twitter<\/a> earlier today, Greenspan, a senior market analyst at eToro, suggested that Bitcoin’s current ~70% dominance level might be the highest it will ever again reach. The reasoning given was that prior to the 2017 altcoin boom, there wasn’t even a developed market for altcoins.<\/p>\n
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Bitcoin dominance is now comparable to where it was before there was even a developed market for altcoins.<\/p>\n
Hard to see it getting much stronger from here. pic.twitter.com\/pgfNWLQipr<\/a><\/p>\n
— Mati (@MatiGreenspan) September 16, 2019<\/a><\/p><\/blockquote>\n