Home News Prognosis: Bitcoin’s dominance rate will reach 66% in 2019

Prognosis: Bitcoin’s dominance rate will reach 66% in 2019

According to a recent report by the international consulting company A.T. Kearney, bitcoin will enhance its positions in the cryptocurrency market in 2019, whereas investors will lose interest in altcoins.

Analysts from A.T. Kearney believe that BTC is to regain its dominance rate, as crypto investors will seek to reduce the risks against the background of stiffening altcoin regulation. Their negative stance towards unregulated security and utility tokens will lead to the consolidation of bitcoin savings.

“By the end of 2019, Bitcoin will reclaim nearly two-thirds of the crypto market capitalization as altcoins lose their luster because of growing risk aversion among cryptocurrency investors,” – the report reads.

Experts at A.T. Kearney also suppose that the U.S. Securities and Exchange Commission (SEC) will change its position regarding bitcoin ETFs, thus providing bitcoin with yet another advantage over altcoins.

The report points out the irony that Bitcoin’s survival depends on its uptake by the banks and financial institutions it sought to overhaul. They believe in A.T. Kearney, that the very survival of cryptocurrencies in the next decade will depend on their ability to merge with the international financial system.

The report does not rule out that traders’ mood in 2019 will be quite opposite to that demonstrated in the course of this year. Slackening regulation and the launch of such trading platforms as Bakkt and Fidelity could also bring the crypto market closer to the next bull run.