Summary
- Arthur Hayes, co-founder of BitMEX, stated that Bitcoin dominance will reach 70% and that he will continue to buy steadily.
- Currently, Bitcoin dominance is at 63.53%, but Hayes expects a value increase and continues to purchase Bitcoin.
- He mentioned that regarding altcoin investment, he does not plan to invest much considering the rise in dominance.
There is a claim that Bitcoin (BTC) dominance will rise to 70%.
On the 7th (local time), Arthur Hayes, co-founder of BitMEX, stated on X, "I have been steadily buying Bitcoin and will continue to do so," adding, "Bitcoin dominance will rise to 70%." He further mentioned, "The only way for the Federal Reserve (Fed) to recover the current economic situation is to print money," and "Although altcoin prices are within the buying range, I will not invest much considering the rise in Bitcoin dominance."
Meanwhile, according to TradingView data, Bitcoin dominance is currently at 63.53% as of 6:49 PM.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![[Market] Bitcoin breaks below $68,000 as losses deepen](https://media.bloomingbit.io/PROD/news/3a08fe32-6a33-4a62-bb89-4afb5c5399ca.webp?w=250)
![[Market] Bitcoin breaks below $70,000… Korea premium at 0.31%](https://media.bloomingbit.io/PROD/news/74018332-717e-4495-9965-328fe6f56cb4.webp?w=250)
