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
Some investors have sold whole bitcoins in exchange for a lot of different altcoins. They probably lost confidence in bitcoin because the price of bitcoin in the past six months has been falling continuouslyHe 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