BCGAME - Free 5BTC Daily Bonus!Peter Brandt, an experienced trader, recently expressed an optimistic view of Bitcoin's leadership in the digital landscape. According to Brandt, Bitcoin will not only survive, but will outperform all other crypto assets.
At the time of publication, BTC price today is trading at $28.914,33, up 7,6% over the past 24 hours.
In April, Brandt shared with his Twitter followers that he was monitoring the Bitcoin (BTC.D) dominance chart. This index tracks the market share that belongs to Bitcoin against the total market cap of cryptocurrencies. On that occasion, the veteran mentioned that BTC.D was operating in a defined range and that any breakout would be of “great significance”.
Currently, Brandt, sharing a chart showing the index has broken through range resistance. He reaffirms: “Bitcoin BTC is the legacy currency and will outlast and outlast all dummy crypto wannabes.”
At the time of writing, BTC.D is floating around 50,06%, a level not seen since April 2021. This scenario suggests increased investor interest in Bitcoin at the expense of other cryptocurrencies, which could signify a significant change in market dynamics.
$Bitcoin $ BTC is the legacy coin and will outlast and out-value all of the make-believe cryptos wannabees https://t.co/uzeuKua1qk
- Peter Brandt (@PeterLBrandt) June 19, 2023
Experts associate this phenomenon with a number of factors, such as recent regulatory actions in the United States, which have generated uncertainty and diverted capital to Bitcoin, considered by many to be a safe haven amidst crypto storms. Furthermore, many believe that Bitcoin's increasing dominance could threaten the performance of altcoins, especially those that are still struggling to establish their presence in the market.
