Standard Chartered Bank analyst: Bitcoin market share is expected to rise to 55-60% this year
Standard Chartered Bank analyst Geoff Kendrick said that the growth of Bitcoin has promoted the entire encryption industry to some extent, and it is expected that Bitcoin’s market share will rise from the current 50% to the 55-60% range in 2024. Alexander Kuptsikevich, senior market analyst at FxPro, noted that the growth of Bitcoin has given crypto investors more “buying power” as Bitcoin is often used as collateral for margin positions on exchanges, thus fueling the growth of altcoins, Alexander Kuptsikevich added that the gains in the crypto market this weekend were mainly concentrated in altcoins, with Ethereum rising by 2.9%, while BNB and Dogecoin rose by about 7%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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