35% of $400 Billion: Why Bitcoin Dominance Fluctuates

“People like to move these assets from the very speculative alt coins back into Bitcoin. If people feel uncertain, they invest in Bitcoin.”

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Think of the cryptocurrency market as a pizza a pie.

As more and more cryptocurrencies are released to the market, the pie grows. More money is being invested in cryptocurrency as a whole. But how much of the pie is a Bitcoin slice? At the end of 2017, when Bitcoin was at it’s all-time high around $20,000, we saw the Bitcoin slice occupying its smallest percentage.

On today’s episode of The Bitcoin Crypto Mentor Mastermind Show, we are discussing Bitcoin dominance. As the price of Bitcoin increases, people gain confidence in cryptocurrency as an asset, and invest in alt coins with their Bitcoin profits. On the flipside, when Bitcoin’s price drops, people hold their Bitcoin.

And don’t forget! You can also listen to The Bitcoin Crypto Mentor Mastermind Show on Spotify! Click “Follow” and let me know what you think!

“Bitcoin dominance has consistently declined each year. That doesn’t mean Bitcoin’s price has dropped. It just means people are starting to invest into other assets.”

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Points to Keep In Mind Dominant coins appreciate more reliably than alt coins People are continuously moving money into alt coins Bitcoin dominance has consistently declined each year That doesn’t mean Bitcoin’s price is falling Think of it as a growing pie where money moves to speculatives over alts Approximate alt coin percentage of the market cap is: $75 billion Bitcoin will likely increase in value, even at the expense of being a smaller chunk of the pie People will move their money from Bitcoin into alt coins