According to BlockBeats, Grayscale Research Director Zach Pandl stated that when the market focuses on macroeconomic instability and the risks facing the dollar, Bitcoin's dominance may rise; while 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 viewed as a 'non-sovereign asset' similar to gold, and has absorbed most of the inflows 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% to 70% of the overall crypto market, rather than experiencing a sharp decline.
This judgment is not easy, as Bitcoin and altcoins each have different favorable factors that may 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 tend to stabilize from now on.
