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-35Investing with Bitcoin ETF every investor doesn't need to bother with security procedures, which are related to holding bitcoin and other cryptocurrency and investors can only buy and sell ETFs through traditional exchanges and markets. The performance of Bitcoin ETF is no different with Bitcoin Futures which mimics the price of the most popular digital currency in the world and allows investors to buy ETFs without going through the complicated process of bitcoin trading itself.
Many crypto users today, only monitor and focus more on the SEC's policies, to respond to the termination of the relationship, because every change in policy has been considered to affect the price of cryptocurrency in the market. Along with the increasing number of users and market capital values many conclude that the btc value will break
the second record.