min to read

2019-09-10 17:17:14




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Adam Back: real bitcoin dominance index approaches 95%

#tothemoon

min to read

2019-09-10 17:17:14

Blockstream CEO Adam Back said that so far Bitcoin dominance index is returning to a normal average of 90%.

Blockstream CEO Adam Back said that so far Bitcoin dominance index is returning to a normal average of 90%.

 

He emphasized that until June 2016, this indicator never dipped below 99%, and until February 2017 – below 95%.

 

 

Dr. Back is convinced that taking into account liquidity indicators and with the exception of USDT and other stablecoins from the calculation of the index, the real value is close to 95%.

 

 

Some analysts are counting on the onset of the so-called “season of altcoins”, but the index is kept close to 70%.

 

It should be reminded that the legendary trader Peter Brandt believes that the growth of altcoins is not expected. In his opinion, they will become useless stuff.

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