According to BlockBeats, Grayscale's research director Zach Pandl stated that Bitcoin's dominance may rise when the market focuses on macroeconomic instability and the risks facing the dollar; conversely, when the market focuses on various applications of blockchain technology and innovations in the crypto space, Bitcoin's dominance may decline. Bitcoin benefits from being seen as a 'non-sovereign asset' similar to gold, and it has also absorbed most of the capital inflow in the crypto market through products like the ETF approved last year. In the next approximately 9 to 12 months, Bitcoin's market share is more likely to stabilize between 60% and 70% of the overall crypto market rather than experiencing a significant decline.
This judgment is not easy, as Bitcoin and altcoins each have different favorable factors that could play a role. From a macro perspective, we are bullish on Bitcoin; from the perspective of technological development and user adoption, we are also optimistic about altcoins. My basic assumption is that Bitcoin's dominance will stabilize from the current level.
