I don't think altcoins performance and Bitcoin increasing dominance has anything to do with maxist
It just shows what investors are willing to trust their money on.
Bitcoin maxi means that Eric Trump thinks Bitcoin is the only real cryptocurrency,
I doubt Eric really understands much about Bitcoin. But can't blame him for settling with the best and truest.
I'm not saying altcoins don't have their use, but when we talking about Real money, then Bitcoin.
when Bitcoin Dominance increases, the price of altcoins decreases
You are mixing it up. Fall in altcoin prices in relation to Bitcoin is what increases bitcoin dominance
Or when Bitcoin rise more in relation to altcoins.
To be sincere the biggest competitor's of altcoins are altcoins. The market is quite broad and competitions are rampant
Hence why investment is scattered around. So not on Bitcoin but the existence of large numbers of Bitcoin.