In recent months, Bitcoin's dominance in the cryptocurrency market has been on the rise. Will Reeves, CEO of Fold, claims that this dominance is becoming irreversible while altcoins face difficulties.
Irreversible Bitcoin Dominance
Fold CEO Will Reeves states that Bitcoin's dominance cannot be reversed, as institutional capital continues to prefer it over other cryptocurrencies perceived as speculative. His comments solidify Fold’s position within the crypto payments industry.
Decline of Altcoins and Their Speculative Nature
Bitcoin's market share approaches nearly 70% by 2025 due to increasing institutional support. Altcoins, including Ethereum, are experiencing sharp declines in liquidity and trading activities, further amplifying their speculative nature.
Bitcoin as an Asset Amid Economic Instability
Bitcoin's dominance rises during times of macroeconomic instability. Periods of altcoin growth are marked by decreased investor confidence. This underscores Bitcoin's role as the primary asset, especially in uncertain market conditions.
In conclusion, Bitcoin continues to strengthen its position in the cryptocurrency market, while altcoins face decreasing interest and liquidity. This trend is expected to persist in the coming years.
