Will Bitcoin market dominance stay high forever?

[Abiky]

Every day, we see new altcoins pop up in the market. Some existing altcoins rise in price at a faster pace in Bitcoin, taking a significant portion of its market share. ETH is a good example of this. Despite all of the buzz surrounding altcoins, Bitcoin's market dominance is still high (for obvious reasons). However, some believe that could change in the future as more liquidity enters the crypto market.

Do you think there's possibility Bitcoin's market dominance will decline in the future? I'm not talking about another cryptocurrency taking Bitcoin's market share entirely, but rather reducing its dominance to a point where it's at the minimum (like declining from 50% all the way to 10% for example).

Your input would be greatly appreciated. Thanks.

[Publictalk792]

It is very likely that within time the market share of Bitcoin will drop much, perhaps even to 10-20 percent, mostly due to fact that Bitcoin is designed to be mainly Digital Gold to save value, while other coins are designed to be used in certain tasks such as fast transactions, smart contracts, and decentralized applications, which world increasingly needs and pulls money away to other coins. This change will get faster as more new money is brought to market and seeks bigger growth and variety in these smaller coins, and because Bitcoin is so large that it becomes more difficult to grow as fast as these smaller, special altcoins, but even with lower market share, Bitcoin will be most important and secure base asset and work as primary safety net to whole crypto ecosystem.

[laijsica]

Taking the popularity of Bitcoin as an example, there are many coins in the market that claim to be decentralized, but in reality, most of them are centrally managed and mislead investors. If you analysis that shitcoins you will see that the promoters use social media for their campaigns and guarantee high profits. After coming to the market the price increases within a very short time and after robbing investors of huge amounts of money the price starts to decrease and at some point it disappears.

Although there is volatility in Bitcoin investment, it is a proven fact that this digital asset is prone to repeated price recovery. Technically, Bitcoin is in a strong position and its price is likely to skyrocket in the future. This active effort to acquire the skills of miners, which has become expensive with technological improvements in Bitcoin mining, may further affect the price increase. The supply of Bitcoin is limited compared to the increase in demand, so its price is likely to increase gradually. I think that among the countless garbage, the price of any valuable item never decreases. The demand and acceptance of Bitcoin as a store of value will continue to grow.

[X-ray]

Every day, we see new altcoins pop up in the market. Some existing altcoins rise in price at a faster pace in Bitcoin, taking a significant portion of its market share. ETH is a good example of this. Despite all of the buzz surrounding altcoins, Bitcoin's market dominance is still high (for obvious reasons). However, some believe that could change in the future as more liquidity enters the crypto market.

Do you think there's possibility Bitcoin's market dominance will decline in the future? I'm not talking about another cryptocurrency taking Bitcoin's market share entirely, but rather reducing its dominance to a point where it's at the minimum (like declining from 50% all the way to 10% for example).

Your input would be greatly appreciated. Thanks.

From the chart, we can roughly see a pattern that even bitcoin have seasonal dominance decline. It's sitting at 59% now and people consider it to be peak altcoin season when BTC dominance goes down below 45% so yes it can happen but 10% that's just a fleeting dream.

10% would means either bitcoin will lose huge chunk of its price and FDV to other coins or the market simply grow while bitcoin stagnating. Since ETF inflow has always been about bitcoin and rarely about other coin, no 10% isn't possible in my book.

[Ahli38]

(Source)
Bitcoin dominance will always remain high forever. And the Bitcoin Dominance chart shows that Bitcoin has become more dominant over time. Perhaps Bitcoin Dominance was surpassed by altcoins in previous periods. But we can see how quickly Bitcoin regained its dominance, whereas other altcoins' dominance did not last as long. And from the beginning of 2024 until now Bitcoin Dominance has remained above 50% and has even approached 60%. Perhaps someday the market will become saturated causing investors to diversify into other coins. And that may cause Bitcoin's dominance to decline. But I'm sure that the cycle will repeat itself, where Bitcoin will quickly regaining its dominance. Bitcoin actually has intrinsic value that makes it difficult to separate from the market, where Bitcoin's fundamentals are the benchmark. Some people criticize Bitcoin for not having intrinsic value by comparing it to other assets that have utility in the real world. But I think they are not being objective as utility in the virtual world should also be a benchmark for its valuation. The massive growth in Bitcoin's value to date is clear evidence of how useful Bitcoin is for all the purposes for which people use it. And that also proves that Bitcoin has clear fundamentals that will keep it at a high level of dominance.

[MAAManda]

Do you think there's possibility Bitcoin's market dominance will decline in the future? I'm not talking about another cryptocurrency taking Bitcoin's market share entirely, but rather reducing its dominance to a point where it's at the minimum (like declining from 50% all the way to 10% for example).

When we talk about possibility, of course it will always be there even if the percentage is 0,00001%. But seeing how Bitcoin (BTC) has dominated the crypto market since its inception, I'm not sure the MC will go to 10%, it might weaken, but not that much. One of the reasons is because Bitcoin (BTC) is an increasingly scarce asset as time goes by, everyone wants a rare item that will continue to increase in value & also as a store of value.

[Gozie51]

Do you think there's possibility Bitcoin's market dominance will decline in the future? I'm not talking about another cryptocurrency taking Bitcoin's market share entirely, but rather reducing its dominance to a point where it's at the minimum (like declining from 50% all the way to 10% for example).

Your input would be greatly appreciated. Thanks.

I think by entirely you mean if bitcoin dominance will totally disappear into another altcoins likely probably eth, BNB, sol or any other altcoins? my answer is no. Although, there will be shared dominance between the altcoins taking their little shares from bitcoin and because of more thousands of altcoins coming into the market but bitcoin will still take the major dominance as we see it today. Bitcoin is taking a dominance of about 59% as at now and if anything will change, we can only see bitcoin coming back to 50% or slightly below around 49% . The dominance of bitcoin is very strong during bull season because it maintains a strong volatility and buy strength that almost all investors want to catch their own profit. What makes it more interesting is that bitcoin has become more stable on the bull than the bear which makes the further dominance a strong possibility. I don't imagine bitcoin dominance coming to a ridiculous 10%.

[Aanuoluwatofunmi]

Do you think there's possibility Bitcoin's market dominance will decline in the future? I'm not talking about another cryptocurrency taking Bitcoin's market share entirely, but rather reducing its dominance to a point where it's at the minimum (like declining from 50% all the way to 10% for example).

I don't think so, because the market is always being consistent of it s network protocols, increases in value over time and the major reasons is this, that there's no other developed currency or alternative to bitcoin with higher preference, not even the altcoins or their combination entirely can withstand what bitcoin is, so we are yet to have an invention that could serve more better than what bitcoin is.

[Myleschetty]

Every day, we see new altcoins pop up in the market.

Yes, and the funny thing is that the more they pop up in the market, the more they pop out by being useless or crash because they never have the necessary fundamental, genuine purpose, and the main aim was to change people's attention towards BTC, and to also steal from naive BTC holders. This is why some people see crypto as scam when the shitcoin they invested go to zero, and things like this are why I never like NFT.

[arzuo]

Yes I think Bitcoin’s market dominance could decline in the future,  but it would require something like 50% to 10%.

# Why Bitcoin’s dominance could decline
 Total market expansion denominator effect with
Ratio of BTC marketcap ÷ total crypto marketcap Amount.

# If the total crypto market outside of Bitcoin grows much faster particularly driven by the following:
DeFi Protocols
AI/Compute Tokens
Tokenized Assets of Real World
Stablecoins like usdt, pax etc
Utility Networks
Gaming & Metaverse Tokens,


# Altcoins can absorb more capital without replacing BTC
You don’t need a “Bitcoin killer.”
Ethereum and various sectors can grow the market organically:
ETH and L2s: Scaling, Staking, DeFi base layer
Stablecoins: Payments, Amount Settlement
AI and Compute Tokens: Can create New Niches
RWAs: Money Markets, Tokenized wealth/Treasury
Gaming Tokens: Speculative but High-Volume
DePIN: Decentralized world Infrastructure.

[joniboini]

Maybe we can revisit this after the number of block rewards is so low that many miners switch or exit the market. As of now, I can't see what would push people to stock alts when their prices are closely tied to Bitcoin. Heck, most trading pairs are with Bitcoin anyway, so you'd expect Bitcoin volume to remain high regardless of how many new shiny alts out there.

You also need to consider that bigger players are publicly buying Bitcoin now, so I don't think they'll let Bitcoin's dominance in the market fall sharply in 5-10 years. They need to make profits from retail, and they can't do that if Bitcoin is not attractive.

[Outhue]

That high dominance is why alternative coins are suffering and without extra liquidity pump into the market when the dominance start to fall I doubt they will do so well, all I can say is that nothing goes up forever, this time things surrounding Bitcoin feels different because of better hype around it, ETF and all which is why some people are saying that we no longer have a four years cycle anymore.

This is fairly new move in the market to me, I can't say much about it than to watch from afar and see how this one will play out, no one really knows what is going to happen, the past history moves are different to this one, nothing to use in comparison. Let's all wait and see what happens next.

[FinneysTrueVision]

Nobody can know with absolute certainty that its dominance will remain high forever, but the chances look quite good for the foreseeable future. During the peak of the ICO mania, it looked like Ethereum might have a realistic probablility of someday dethroning BTC, but when the scams collapsed, they dragged ETH down with them.

Altcoins have had the occasional resurgence, and BTC has looked weak for some periods also, but ultimately none of these alternatives can compete with BTC as money, so they end up cannibalizing each other competing for non-monetary use cases. Solana has proven it can be almost as good as Ethereum for smart contracts, tokenization and NFTs. Despite solidifying its status as #2, Ethereum is no longer unique, so I don’t really see it being able to flip Bitcoin.

Privacy is still an interesting utility for altcoins that has gained some traction, but for various reasons they haven’t gotten much mainstream adoption. I don’t think a pure privacy coin is currently capable of overtaking Bitcoin.

[Alpha Marine]

Yes, it's very possible, but I doubt it will go as low as 10%. Bitcoin's market dominance was not always at 58%; it dropped to 58% gradually as other altcoins were created and as they grew. As of 2016, Bitcoin's dominance was around 86% or thereabout, but as time went on, it dropped.
But I don't believe its dominance will drop to as low as 10% though. My reason is that as altcoins are growing, so also is bitcoin; in fact, bitcoin grows more than almost all of them in the long run. Taking ETH, for example, in 2017, people thought it was going to be a strong competition with Bitcoin. At that time, Ethereum's dominance was about 28%, while Bitcoin's was about 43%, but in the long run, Ethereum couldn't keep up while demand for Bitcoin kept increasing.

Very few altcoins can continue to get more demand in the long run, so while their demand will drop along the way, Bitcoin's will increase.
In 2021, Bitcoin's dominance dropped to 40% from 60%, but as time went on, altcoins could keep up with Bitcoin's demand, and it increased again.
So yeah, a time might come when Bitcoin's dominance might drop to 40% (I think that's the lowest it can go), but in the long term, Bitcoin's dominance will recover and get to over 50% again.

Dominance is just market cap, and market cap alone is not an accurate way to determine dominance, but there is really no accurate way to calculate it. Because market cap is only the total number of current supply multiplied by the current market price, coins with more coins in circulation have an advantage.
If you take Solana and Monero, for example, if Monero has the same amount of circulatory supply as Solana (over 550 million), it will have a bigger market cap than Solana. So, using market cap alone to calculate dominance is not always accurate.

[OsaiEmma]

Anything can definitely happen though, but if any coin can twill be ETH, but that will certainly be difficult, most of these alt's are hedged to BTC so surpassing it will really be difficult, cause their success is directly pegged to BTC, unless a coin exist that is not influenced by BTC then that could be possible but then again no 1 knows

[BlackBoss_]

Every day, we see new altcoins pop up in the market. Some existing altcoins rise in price at a faster pace in Bitcoin, taking a significant portion of its market share. ETH is a good example of this. Despite all of the buzz surrounding altcoins, Bitcoin's market dominance is still high (for obvious reasons). However, some believe that could change in the future as more liquidity enters the crypto market.

Do you think there's possibility Bitcoin's market dominance will decline in the future? I'm not talking about another cryptocurrency taking Bitcoin's market share entirely, but rather reducing its dominance to a point where it's at the minimum (like declining from 50% all the way to 10% for example).

Bitcoin dominance comes from two main things: Bitcoin marketcap (from Bitcoin price) and total altcoin market cap. Bitcoin price will grow more with time and I really believe it will have cyclic growth in the future. So there is only one thing remains to affect Bitcoin dominance, it's the total altcoin market cap. It can rise more if existing altcoins have surges in their prices, then contribute more to total altcoin market cap. Or there will be more overwhelming altcoins created in the future.

This market cycle is very interesting as altcoins become very inflationary with unprecedented new altcoins created, while they are even not enough to create an altcoin season.

Altcoins are risky and failures of old altcoins from previous cycles to newest ones in this cycle are great examples. I believe altcoins will have rise in dominance only if people feel less risky to invest their money in risky assets like altcoins. It's only temporary rise as basically most altcoins will lose prices with time.

Don't buy altcoins because they are top altcoins.

[SamReomo]

Do you think there's possibility Bitcoin's market dominance will decline in the future? I'm not talking about another cryptocurrency taking Bitcoin's market share entirely, but rather reducing its dominance to a point where it's at the minimum (like declining from 50% all the way to 10% for example).

Yes, there will surely come such a time when majority of market share will be taken by other crypto currencies but that's not going to happen anytime soon. I don't think there's going to be any single crypto-currency that would be able to take Bitcoin's market dominance but there's chance that if multiple good alt coins get more liquidity then that might somehow reduce Bitcoin's dominance when it comes to overall market liquidity.

[fuguebtc]

Bitcoin's decline in dominance was inevitable, and it has been happening for years. If I'm not mistaken, bitcoin dominance used to be above 90% but has now dropped below 70% and has never risen back to that level this cycle despite bitcoin ETFs being approved and money flowing almost exclusively into bitcoin.

Bitcoin dominance will continue to decline as the altcoin market matures. However, I don't think it will fall below 10% or lose its market dominance. Bitcoin will remain the largest coin by market capitalization and continue to maintain its dominance in the cryptocurrency industry.

[AprilioMP]

Bitcoin's market dominance will never be broken and will always be supreme even though quite a lot of altcoins are emerging in the crypto space.
Ethereum and several others may be of interest to investors, but are not the main choice. They choose several good altcoins in anticipation of one thing or another.

I don't think Bitcoin's dominance will be defeated.
Just think about what would happen if all the Bitcoins ran out.

[Man of peace]

Taking the popularity of Bitcoin as an example, there are many coins in the market that claim to be decentralized, but in reality, most of them are centrally managed and mislead investors. If you analysis that shitcoins you will see that the promoters use social media for their campaigns and guarantee high profits. After coming to the market the price increases within a very short time and after robbing investors of huge amounts of money the price starts to decrease and at some point it disappears.

Although there is volatility in Bitcoin investment, it is a proven fact that this digital asset is prone to repeated price recovery. Technically, Bitcoin is in a strong position and its price is likely to skyrocket in the future. This active effort to acquire the skills of miners, which has become expensive with technological improvements in Bitcoin mining, may further affect the price increase. The supply of Bitcoin is limited compared to the increase in demand, so its price is likely to increase gradually. I think that among the countless garbage, the price of any valuable item never decreases. The demand and acceptance of Bitcoin as a store of value will continue to grow.

I completely agree with what you said, because that's exactly what happens, some coins have come into existence to destabilize the market price of other valuable coins, trying to claim that they are creating a strong project, not knowing that they are doing otherwise, in the sense that the claims of building a standard and stronger ,
Meanwhile they are just a mere say, they just use small opportunities to fool some people and take some advantage of the investors in the crypto space, we know how the price of other coins is trying to throw a challenge with Bitcoin, but know matter Bitcoin can never go down by 10%.