Dominance in the world of Bitcoin refers to the use of Bitcoin as the primary cryptocurrency globally. Bitcoin is the most widely used cryptocurrency, enjoying the most popularity in terms of user base, market capitalization, and liquidity.
As a result, Bitcoin is the most dominant crypto asset in the world, with a market cap of over $1.02 trillion dollars, representing over 60% of the total crypto market cap.
Its dominance has been an important factor for institutional investors, as well as retail investors, who were looking for a safe, reliable, and liquid asset with which to invest. With over half of the market allocated to a single asset, Bitcoin provides stability and liquidity to investors, while also giving a chance for diversification or token diversification across different kinds of digital tokens.
Bitcoinâs dominance proves its stability and acceptance as the worldâs first and most accepted digital currency, making it a safe and reliable form of investing. Based.
