Bitcoin Dominance ‘Reverting to Mean’ of 90%, Says Blockstream CEO
William Suberg's original article for cointelegraph.com reduced by 59%
Bitcoin is reverting to its historical 90%+ market dominance at altcoins' expense, one of the industry's best-known figures has declared. Wan had queried whether Bitcoin would continue making market cap gains, and if these would become a permanent new status quo. As Cointelegraph reported, Bitcoin's share of the overall crypto market cap now stands at around 70%, its highest since March 2017.
The scales have shifted in BTC's favor dramatically this year; at one point in 2018, Bitcoin accounted for less than 40% of the cap. He said, building on arguments he made in August, Bitcoin should end up back at 90% market cap dominance or even higher, as was the case prior to 2015.Altcoin death narrative gains strength. Many have already voiced their agreement on Bitcoin's return to form.
Separate research has already argued Bitcoin's actual position among cryptocurrencies is already more than 90%..
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CN [too long; didn’t read]
Summarised crypto news.