Bitcoin’s dominance will soon skyrocket, says Michael Saylor

📆 6/14/2023 4:03 PM
📰 CryptoAmb

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As other coins are deemed securities by regulators and their use is curtailed, Michael Saylor feels BTC's market share will increase.

, Bitcoin currently represents approximately 48% of the $1 trillion market value of cryptocurrencies. As other coins are deemed securities by regulators and their use is curtailed, BTC’s market share will increase to 80%, Saylor said in an interview with Bloomberg Television.

Saylor pointed out that the SEC’s enforcement activity and the fact that it has already classified 68 cryptocurrencies as securities—none of which are proof-of-work—may be partly responsible for Bitcoin’s market share climb from 40% to 48% in 2023. However, Saylor and other proponents of Bitcoin have come under harsh fire. The Daily Gwei presenter Anthony SassanoSignificant time for Crypto Exchanges

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