Bitcoin is dominating the world of crypto and emerging as a king of digital assets.
The crash faced by crypto currency owing to the US-China trade war was felt hard. All the coins lost their values and bleeded heavily.
Bitcoin is recovering quite sharply since then. Before the trade war, Bitcoin has achieved it's ATH (i.e. $109,114). It is now strongly going towards crossing that mark and achieving it's new ATH. It's has touched $95,000+ today.
But almost all the ALTCOINS are struggling to regain their prior prices. For example, Ethereum is trading around $1,800. That is well below it's value prior to the trade war. Simlarily, almost all other ALTCOINS have shown similar pattern. They are trapped in a downward spiral.
The dominance of Bitcoin is increasing day by day. It has around 65% dominance among the cryotocurrencies.
Banks, big organizations & nations are increasing their Bitcoin exposure and holdings.
Bitcoin's ETF has been the major success. Unlike other ETFs, the ETF of Bitcoin has shown exponentially increasing inflows.
The supply of Bitcoin is fixed, it's demand is increasing with every passing day.
Bitcoin is the only currency to survive in this war for the survival of the fittest.
Bitcoin's survival seems certain, all the other coins are destined to be bogged down under it's dominance.
Holding Bitcoin for long term is highly recommend.
What's your opinion?
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