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Grayscale Research Director: Bitcoin's Market Share May Stabilize Rather Than Decline Sharply

Grayscale Research Director: Bitcoin's Market Share May Stabilize Rather Than Decline Sharply

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币界网币界网2025/05/17 13:25
According to Decrypt, Grayscale's Head of Research, Zach Pandl, stated, "Bitcoin's dominance may rise when the market focuses on macroeconomic instability and risks facing the dollar; conversely, it may decline when the market focuses on various applications of blockchain technology and innovations in the crypto space. Bitcoin benefits from being viewed as a 'non-sovereign asset' similar to gold, and it has absorbed much of the capital inflow in the crypto market through products like the ETF approved last year. Over 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 experience a significant decline. This judgment is not easy, as both Bitcoin and altcoins have different favorable factors that could play a role. From a macro perspective, we are bullish on Bitcoin; from the standpoint 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 now on."
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