Peter Brandt, tech analyst and head of Factor LLC, believes that Bitcoin will soon outperform all other digital assets, asserting that “in the end, there will be only one king of the hill.”
He has pointed to the Bitcoin dominance chart (BTC.D), which tracks the share of the first cryptocurrency in the entire capitalization of the crypto market.
Currently, BTC.D is at 48.4%, and Brandt believes that in order for a bullish movement to occur, the indicator must break the 50% mark.
Raul Pal, former top manager of Goldman Sachs and macro investor, predicted in April that a billion people would soon enter the crypto sector.
