Is Bitcoin Dominance Falling?

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In this video, I discuss the problems with using a metric like "Bitcoin dominance" when analyzing Bitcoin's market share and adoption.

Bitcoin dominance is defined as Bitcoin's market cap as a percentage of the total crypto market cap.

But not only does the Bitcoin dominance index include centralized, premined proof of stake coins, but it also includes melting fiat ice cube USD stablecoins like USDT and USDC. There is no rational reason to group such disparate categories together in the same index.

Bitcoin dominance is also a very misleading metric because the basket of coins is constantly changing and includes a lot of survivorship bias.

A true Bitcoin dominance index would also take into account traditional stores of value assets like gold, stocks, and real estate that Bitcoin continues to steal market share from.

True decentralization (as only Bitcoin possesses) might not matter to investors today, but it will be critical going forward as nation-state attacks on crypto and Bitcoin escalate.

Only Bitcoin is neutral, anti-fragile money--

And as such, will continue to eat the world.

Not investment advice! Consult a financial advisor.

Value Your Wealth In Bitcoin:
https://www.youtube.com/watch?v=u7-SKIqhOVU&ab_channel=BitcoinUniversity

Top 10 coins by market cap:
https://coinmarketcap.com/

Polygon is a VC coin:
https://www.cnbc.com/2022/02/07/sequoia-leads-450-million-investment-in-polygon-blockchain.html

Size of crypto premines and presales:
https://miro.medium.com/v2/resize:fit:1358/1*TayypeN1nRVdmikXjuy4hA.png

Cardano: Social Credit Scores For Kids:
https://www.youtube.com/watch?v=1STIeWSv0CE&ab_channel=BitcoinUniversity

Is Charles Hoskinson scamming Ethiopia?
https://kalkassa.medium.com/shitcoin-millionaire-cardano-in-ethiopia-d81273d02eff

Cardano Guy Says Turn Off Bitcoin:
https://www.youtube.com/watch?v=Xb0vNZcrqU0&ab_channel=BitcoinUniversity

Book says mean things about Hoskinson:
https://books.google.com/books?id=QEb8DwAAQBAJ&pg=PA166&lpg=PA166&dq=%22charles+hoskinson+would+prove+to+be+much+more+problematic+for+the+group%2C+however%22&source=bl&ots=eeSvgPJlU7&sig=ACfU3U3Rfaes_CvHDyKIDZYef2Zda2N2IA&hl=en&sa=X&ved=2ahUKEwiM-tKR3YH0AhWBK80KHWRLBMsQ6AF6BAgCEAM#v=onepage&q&f=false

Top coins in 2014:
https://coinmarketcap.com/historical/20140126/

Median sales price of US house:
https://fred.stlouisfed.org/series/MSPUS#001

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#Bitcoin
#crypto

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