Bitcoin’s dominance of the cryptocurrency markets will almost double as extra buyers gravitate to the unique digital asset whereas regulators proceed to crack down on the sector, in accordance with MicroStrategy Inc.’s Michael Saylor.
Bitcoin at present accounts for almost 48% of crypto’s $1 trillion market worth, in accordance with information tracker CoinMarketCap. Its dominance will rise to 80%, as different cash are declared securities by regulators and their use is lowered, Saylor mentioned in a Bloomberg Tv interview. MicroStrategy is the enterprise-software that Saylor co-founded and has made into the biggest public holder of the cryptocurrency.
