Our Thoughts on Bitcoin Dominance

In this clip from the Weekly AMA, we talk about Bitcoin market cycles.

In the last market cycle, BTC went to 20k then it crashed pretty quickly from there in 2017. In 2018, we saw a boom of ALTs, then when it crashed BTC dominance came back to 60%. Right now its at 45%.

There's a strong probability that the institutions break the four year cycle.

We talk about this and more in this clip from the Weekly AMA!

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8 comments
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Bitcoin is still moving in progressive state that will definitely experience a higher pump in price soon without doubt

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Like you explained on Tiktok and I agree... Bitcoin and the market is dependent on the FED's atm. The dominance would increase, if the market crashes again, many Alt coins will fall

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Exactly! Glad to hear you’re watching and liking the Tik toks :)

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I watch it every day, there is just so much to learn!

Plus it's a way to get to know you a bit :) (The personal Success stories and tips)

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It's hard to predict as there are actully a lot of very viable options now compared to before. 2017 was the first time we really saw a huge influx in altcoins and for the most part the winners from then are now the winners of now. Your Polygon, Binance etc.

I see us bouncing back by 2023 and honestly bitcoin holding above 20k is huge in terms of showing the massive value it has. That's crazy higher then the pervious cycle. I don't see this cycle lasting more than 2 years and we are already nearly a year in since November or one could say October of 2021.

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Man, must say I'm a little disappointed that you talk about BTC but don't use @taskmaster4450 leoglossary for Bitcoin.

To be a bit more serious though, I hope we see a short bear market and might start trending back upwards again in the end of the year. Might also be because I'm heavily bullish for Thorchain, who right now seems to be tightly tied with the performance of BTC.

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