Matrixport said in a post on the X platform that due to multiple positive factors, the market dominance of Bitcoin in 2024 will steadily increase from 50% to 60%. This trend reflects the strong support of Bitcoin in the entire crypto market. More and more traditional financial (TradeFi) investors are allocating Bitcoin through ETFs, and the proportion of unpositioned squaring contracts in CME Bitcoin futures to the total volume of Bitcoin futures is also growing significantly.
Meanwhile, counterfeit products are limited by falling user engagement rates and pressure to unlock tokens, in contrast to the explosive growth of the DeFi boom in 2020-2021. Now, investors are seizing the opportunity to gradually move crypto assets to bitcoin, confirming Michael Saylor's view: "The only option is the best option."
Matrixport: counterfeit products are limited by falling user engagement rates and pressure to unlock tokens, Bitcoin dominance rises to 60%
2024-11-05 07:05:10
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