Bitcoin maximalist and former Wall Street trader Max Keizer has recently claimed that BTC dominance is heading to 80%
Keizer announced his latest views in a Twitter post on Aug. 6:
"#Bitcoin dominance 68.2% – heading to 80% – as alts die in favor of BTC. The 2014-2017 era of alts and hard forks is dead. Don't be the last to turn out of alts into BTC. "
According to data provided by Coin360's summary table, BTC is sitting at a dominance of around 69.2% at press time, as its market cap is $ 210.422,145,970 out of a total $ 303,923,701,331.
In regards to Keizer claim that they are dying, recent analysis from the San Francisco Open Exchange (SFOX) suggests that perhaps this is compatible with Ether (ETH) continuing to thrive. In the SFOX report, the author wrote that BTC has a much larger correlation with ETH than other altcoins, further arguing:
“This may support the idea that Ethereum is coming into its own as a block that is publicly recognized as an asset on its own terms, much like Bitcoin. If this trend continues, it may become inappropriate to categorize Ethereum as an ‘altcoin’ on a par with other cryptoassets that are not Bitcoin. ”
Another prediction from Max the maximalist
As previously reported by Cointelegraph, Keizer made a bullish BTC price prediction on Aug. 3. Keizer also addressed his audience on Twitter, claiming that he believes BTC will cross $ 15,000 this week. Keizer wrote:
"I sensing #Bitcoin will cross $ 15,000 this week. Confidence in central governments, central banks, and centralized, fiat money is at a multi-decade low. "
While it may not agree with the claim that the public's confidence centralized government and financial institutions are at an all time low, Circle CEO Allaire similarly commented that geopolitical conflict boosts BTC growth:
"You can very clearly see some macro correlation there. I think the broader theme of, you know, Bitcoin specifically, crypto more broadly participating in these global macro forces is becoming more and more clear. Rising nationalism, rising amounts of currency conflict, trade wars, all supportive of non-sovereign, highly secure digital store of value. "