Bitcoin has drawn these comparisons for much of its history, though the reasons have evolved with time.
At first, investors argued that Bitcoin’s fixed supply mirrored the real-life limitations of gold deposits. Now, however, investors point to the use of gold as a safe-haven asset, arguing that Bitcoin serves the same purpose in cryptocurrency markets.
There’s even a metric to reveal the market’s concentration in Bitcoin. It’s known as BTC Dominance.
Like with anything.
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Written by Gaurav S. Iyer, IFC @ https://www.profitconfidential.com/cryptocurrency/ethereum/eth-price-forecast-growing-bitcoin-dominance-problem/ March 28, 2018 Gaurav S. Iyer, IFC