Altcoins are pushing Bitcoin's percentage of total market cap lower than ever!
While the Bitcoin price is at an all-time high, many altcoins are doing even better!
Bitcoin’s dominance stands below 60% for the first time ever today.
source
It's not because the Bitcoin price is under pressure. Not at all. Bitcoin is being traded for the highest price ever. Now even higher than Gold 1.0.
But watch this... The total cryptocurrency market capitalization is going crazy!
source
Time will tell if this is another bubble again... What do you think?
Bitcoin is only higher than gold when you compare the arbitrary units (1 ounce vs 1 Bitcoin). By market cap gold is in the $Trillions.
Yes, true! I did a comparison 2 months ago..
if Bitcoin had the same market cap as Gold, one Bitcoin would be worth about $461,053 :-)
Wait a few years ....
I prefer bitcoin because of the damned fucking short attacks of the banksters. For bitcoin this is impossible. That's an important reason for bitcoin!
That's right, but take the position on an investor who has 1350 USD free. What should he prefer? The answer seems clear for me.
Not a bubble, people and companies are finally waking up...
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I published similar content a few hours ago (in german language):
https://steemit.com/deutsch/@freiheit50/koenig-bitcoin-und-seine-moerder-short-english-abstract-included
I see, we share our observations of the crypto market! That's nice.