Why do you always see and hear (Bitcoin takeover)?

How does it work? What is its impact? What is its equation? Who are its friends and enemies?

I will explain all of this in a clear way that you did not know before..

The real takeover is calculated in these currencies:

Bitcoin (BTC)

Litecoin (LTC)

Bsv (BSV)

Bcash (BCH)

Monero (XMR)

DASH (DASH)

Zcash (ZEC)

Ethereum Classic (ETC)

Dogecoin (DOGE)

Decred (DCR)

Why?

Because it meets two important conditions:

- Proof of Work PoW

- Use case: cryptocurrencies that focus on solving issues related to the traditional financial industry, such as Bitcoin, whose original goal is to replace paper currency.

Its equation:

Bitcoin Dominance Index = Bitcoin Market Cap / Total Market Cap of the Cryptocurrencies Listed Above.

Factors affecting Bitcoin dominance:

1. The emergence of new projects: The number of currencies in 2016 was approximately 4,000 currencies, and Bitcoin dominance was above 80%, and today we are talking about 2.4 million currencies.

2. The emergence of new owners who own huge amounts of Bitcoin.

3. Stablecoins: The abundance of stablecoins creates new value and dispersion in acquisition.

4. Bull or bear race: The greed of investors makes them invest in alternative currencies in the emerging market because they know that their returns are greater.

All of these are reasons why Bitcoin dominance loses its strength over time.

Thanks to the expert Naif, may God reward him for the explanation