Grayscale Research Director: Bitcoin's market share may stabilize rather than decline sharply

2025-05-17 20:39:41
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ChainCatcher news, according to Decrypt, Grayscale's research director Zach Pandl stated that Bitcoin's dominance may rise when the market focuses on macroeconomic instability and the risks facing the dollar; conversely, 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 it has also absorbed a significant portion of 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% and 70% of the overall crypto market, rather than experiencing a significant decline. This judgment is not easy, as both Bitcoin and altcoins have different favorable factors that may come into play.

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 begin to stabilize from the current point.

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