Bitcoin dominance reached 53% in the altcoin market and I could agree with the position of those experts who think that rise is a result of a two new hardfork expectation. People are hoarding Bitcoin expecting the same result as with Bitcoin Cash — that is, getting more of a free money as a result of forking. First fork will be around October 25th, and the other somewhere in November, so we can expect a substantial growth in that period. But what after that?
Although I do not consider myself an expert on cryptocurrencies, based on this little knowledge I've gathered, I can tell you one thing — do not worry about “bubble stories”. Bitcoin will continue to rise relative to fraudulent paper fiat currencies as long as there are fraudulent paper fiat currencies!
Do not forget, on January 1st 2016 Bitcoin was priced at $446, and on January 1st 2017 it was $970…
And as a reference, let’s see how is Bitcoin stands against the closest safe asset in a material world – Gold.
Feel free to comment and deliver, newer & more accurate data.
