According to Ripple's CEO, Brad Garlinghouse, the Bitcoin dominance is expected to end soon.
He actually said : '' There is a very strong correlation between the price of XRP and that of Bitcoin. But these are essentially independent open-source technologies. »
The man is convinced that we are now witnessing the emergence of a much more rational market. As a result, the behaviour of investors will be permanently altered, which will lead to a devaluation of Bitcoin. Therefore, it will no longer serve as a reference to other crypto-currencies.
Hope he's right
He actually said : '' There is a very strong correlation between the price of XRP and that of Bitcoin. But these are essentially independent open-source technologies. »
The man is convinced that we are now witnessing the emergence of a much more rational market. As a result, the behaviour of investors will be permanently altered, which will lead to a devaluation of Bitcoin. Therefore, it will no longer serve as a reference to other crypto-currencies.
Hope he's right
I have always been against the fact that altcoins are dependent of the bitcoin. I never thought about the altcoins in this way and always made decision independent of the bitcoin prices. Altcoins are completely different project who works on their own and develop their own atmosphere where number of investors also are different. This way it gives us idea that how that atlcoin may get its prices in the future. No matter what happens, bitcoin and altcoins go down at the sam time because that is just the global effect and nothing much. I think CEO of XRP is looking after his projects dominance but that doesnt really maters as whatever he speaks is relabel info.