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Bitcoin’s dominance of the cryptocurrency markets will almost double as extra buyers gravitate to the unique digital asset whereas regulators proceed to crack down on the sector, in keeping with MicroStrategy Inc.’s Michael Saylor.
Bitcoin at the moment accounts for almost 48% of crypto’s $1 trillion market worth, in keeping with information tracker CoinMarketCap. Its dominance will rise to 80%, as different cash are declared securities by regulators and their use is decreased, Saylor stated in a Bloomberg Tv interview. MicroStrategy is the enterprise-software that Saylor co-founded and has made into the biggest public holder of the cryptocurrency.
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