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.
Latest Podcast Episode Discussing More Details
https://soundcloud.com/buy-or-sell-what-the-hell/does-bitcoin-dominance-matter-to-traders-35I think the bitcoin price to $50k at the end of the year is impossible, 2018 is very different from 2017.
Last year, with the explosion of popular ICOs attracted many new investors, this year it is no longer and now everyone is losing faith in BTC.