The Chief Executive of Bitcoin (BTC) Financial Services Firm Fold gives a warning about Altcoins and says that the dominance of the Crypto King’s Market is not something that goes back.
In a new interview with CNBC television, Fold CEO Reeves will rees out The fact that the best crypto assets of the recent new new all times from Market Cap was due to a combination of high institutional demand and a low supply.
“This is what happens when mass demand meets the finite offer of Bitcoin. And what we see now is the supply shock in motion.
So I would certainly say what we see are the basic principles of Bitcoin in the game …
What we have recently seen with the rise of Bitcoin Treasury companies, the ETFs (listed funds) is that completely new capital classes can invest in actively. What we see is what happens when trillions of dollars start to knock on the door – the price usually goes up. ”
According to Reeves, the appetite of the BTC market will ensure that its dominance – levels irreversibly rise – a trend that would allow countless altcoins to compete for capital.
‘To be honest, I think [altcoins] Remains speculative. Bitcoin -Dominance is 60% and rises. I think what we see is an inevitable trend to the signal, the Apex asset. The problem is that Bitcoin is the only credible neutral digital active that is in issue.
All other tokens still prove extraordinary speculative use cases without Bitcoin’s track record. And so what we see today is Bitcoin’s constant march that dominates this entire market … In the end we have seen something that cannot be reversed. ”
Bitcoin acts for $ 117,613 at the time of writing, a lateral relocation on the day. In the meantime, Bitcoin Dominance, who measures how much of the total crypto market capitalization belongs to BTC, at 64.58%.
https://www.youtube.com/watch?v=D_F7jrbzpe0
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