The last time the CBOE launched a Bitcoin financial tool, futures, we saw $20k. Recently rising Bitcoin dominance shows people betting on the latest CBOE tool, ETF, being approved.
Bitcoin dominance is heading towards fifty percent by marketcap. What does this mean for the price and how should traders and investors view it? Marketcap is by far not the best metric to read dominance, but that doesnt mean it cant add value to your trading.
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https://soundcloud.com/buy-or-sell-what-the-hell/does-bitcoin-dominance-matter-to-traders-35That is not a good enough reason to get bitcoin at 50k before the end of the year we need a lot more than that and right now I do not see that price being reached that soon, if it happens I will be extremely happy since that is my target price but if we were to reach that price that soon I will probably still hold my coins and wait for more time because I have the idea to hold my coins at least for 5 years.