Will BTC continue to dominate the crypto market? Grayscale: Dominance expected to stabilize above 60%!
On May 17, according to Decrypt, Grayscale's research director Zach Pandl stated:
When the market is more focused on macro instability or US dollar credit risks, BTC's dominance will increase; while when attention shifts to blockchain innovation and the explosion of various DApps, BTC's dominance may decline.
This also explains why, after the ETF approval last year, BTC absorbed most of the capital inflow in the crypto market: it is the 'digital gold' of the blockchain space, the safe-haven choice.
In the next 9 to 12 months, BTC's market share is more likely to stabilize in the range of 60% to 70%, rather than sharply declining.
He said this is a difficult judgment to make—because both Bitcoin and altcoins have strong positive fundamentals:
🔹 From a macro perspective, we are bullish on BTC;
🔹 From a technical and adoption perspective, altcoins also have potential.
Grayscale's underlying logic is quite clear: BTC's dominance stabilizing does not mean altcoins have no future; rather, the two tracks have clearly defined roles and will take off independently.
