March 29, 2024

Tony Weiss: BTC dominance will increase to 98%

Tony Weiss: BTC dominance will increase to 98%

Well-known trader and analyst Tony Weiss is confident that the growth of Bitcoin hashrate will destroy altcoins. According to himAccording to him, next year BTC will dominate the cryptocurrency market.

Trader Says Bitcoin Will Take Dominanceposition in the market due to the growth of hash power. Despite the falling prices, interest and competition among miners continue to grow, which in turn increases the security of the network of the first cryptocurrency. 

Recall that earlier Forbes reported thatBitcoin's share in the total market capitalization of cryptocurrencies can be more than 90%. However, at the moment, the main cryptographic data aggregators indicate a level of dominance of about 70%

Weiss, who dislikes alternative cryptocurrencies and prefers BTC, predicts that Bitcoin will eventually “destroy” all its competitors. 

In the last episode of his Bitcoin Trading on YouTube series on December 22, Tony Weiss said:

“I think BTC will be able to gain another 10-15% in price due to shitkoynov. Then his domination will grow to 90% and 95%, and then to 98%. ”