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Bitcoin to continue mass outweighing altcoins until it happens, according to an analyst Benjamin Cowen


Analyst and merchant Benjamin Cowen believe that Bitcoin (BTC) is thorough to continue to surpass altcoins.

At the new session of the Strategy, Cowen says that 392,000 youTube subscribers will be the total market cap of Altcoina (total 3) when pairing against Bitcoins continue on arrival.

Total3 is the overall market cap of all cryptolials with the exception of Bitcoins and Etherem (ETA).

“… now Altcoin / Bitcoin couples are somewhat a few apartments. I think they will probably spend the next few weeks who thrown like last year …”

Source: Benjamin Cowen / X

Cowen further says that Bitcoin is likely to continue to surpass altcoins until the American monetary policy is facilitated.

“My base case just for the dominance of Bitcoin is that it is likely to go more until quantitative tightness is not over …

… I’m very much on the dominance of Bitcoin because quantitative tightening didn’t end. If the federal reserves should be completed quantitative tension at the federal federal market in the open market (FOMC), then it is possible that my opinion will change. “

The domination of Bitcoin is the ratio of the overall market capitalization of BTC in relation to all other crypto assets. The growing Bitcoin dominant indicates that Bitcoin is also growing faster than other crypto property or its decline is relatively excluded in relation to the rest of the digital asset market.

When the federal reserves could facilitate American monetary policy, Cowen says,

“Now, I don’t know how long they will take them to the end of quantitative tightening, it is possible that this summer is possible.”

Bitcoin trades at $ 84,270 at the time of writing.

https://www.youtube.com/watch?v=qmu14i4piyk

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Generated image: Midjourney



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