Bitcoin's dominance will almost double as regulators limit other cryptocurrencies, MicroStrategy's Michael Saylor says
The regulatory crackdown on cryptocurrencies could be a windfall for bitcoin, which will nearly double its market share, MicroStrategy co-founder Michael Saylor toldIn this year alone, bitcoin's share of the crypto industry's overall market capitalization has gone from 40% to 48%, he said. But with regulators targeting other tokens, bitcoin's dominance will to grow to 80%, he added.
"Now I think that the public is beginning to realize that bitcoin is the next bitcoin," Saylor said."The next logical step is for bitcoin to 10x from here and then 10x again." He has been a long-time bitcoin bull, and his enterprise software company has bet heavily on the token, amassing a stockpile of about 140,000 bitcoin.
Meanwhile, the Securities and Exchange Commission asserted new pressure onto the crypto scene earlier this month, charging top exchange Binance with
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