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What will be bitcoin's dominance at year end 2021?

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<body><p>In the bull market at the end of 2020, Bitcoin has gained share of total crypto market capitalisation, closing at 70.5%. For bitcoin maximalists or for those who invest in bitcoin for diversification, this is seen as a good sign. After all, money does have a network effect, its utility grows with its general acceptance, so the winner will take it all.</p>
<p><a class="wiki-img" href="/mediadb/image/1ed3c127940440b094dbf7415d576d07/"><img alt="Bitcoin dominance index 31 December 2020 - Copyright: Screenshot Coinmarketcap " src="/media/displays/1ed3c127940440b094dbf7415d576d07/wiki_medium.png"/></a>However, it is still very early in the age of cryptocurrencies. Bitcoin is still neither unit of accont nor a value store really. New cryptocoins may be devised with better fundamental properties which could push bitcooin dominance back to the 50% or even 40% levels of mid 2017 when Ethereums prospects seemed bright. Or below.</p>
<h2>Sources</h2>
<ul>
<li><a href="https://coinmarketcap.com/charts/" target="_blank">Coinmarketcap</a></li>
<li><a href="https://bitcoindominance.com" target="_blank">Real bitcoin dominance</a></li>
</ul>
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