Messari product owner: By the end of this economic crisis, Bitcoin's dominance will rise to more than 90%

in cryptocurrency •  5 years ago 

Qiao Wang, product leader of encrypted data statistics website Messari, tweeted that no matter what standard I measure, I am not an extremist, but I am fully confident that by the end of this economic crisis, Bitcoin's dominance will rise to More than 90. During this recession cycle, I don't see any actual demand for altcoins at all. Bitcoin is to altcoins, just like the US dollar is to emerging market currencies, except that the Bitcoin Open Miners Committee cannot unilaterally increase supply to offset the relative increase in demand.

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