Opinion: Bitcoin's market share will not return to 70%, and other cryptocurrencies such as Ethereum still have room for growth
2024-08-18 06:30:51
August 18 news, Into The Cryptoverse founder Benjamin Cowen said in an interview yesterday: "I don't think Bitcoin's dominance [market share] will go back to 70%, I envision a target of 60%." Cowen explained that during "major counterfeit products seasons", such as 2021, Bitcoin's dominance tends to decline, but "slowly" returns to previous levels after the market turns bearish. However, in this cycle, he is more confident that even at the price highs, Bitcoin will not return to the same market share as in the past. " I think there is room for Ethereum and many other cryptocurrencies to grow, "Cowen added, noting that Bitcoin could" take the final step "towards 60 percent as early as September or as late as December.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
观点：比特币市占率不会回到70%，以太坊等其他加密货币仍有发展空间Next article：
谷歌因Play商店应用被盗500万美元加密货币而面临诉讼
