Bitcoin's dominance in cryptocurrency markets will nearly double as more investors gravitate toward the original digital asset while regulators continue to crack down on the sector, according to Michael Saylor of MicroStrategy Inc.
Bitcoin currently represents almost 48% of the $1 trillion market value of cryptocurrencies, according to data tracker CoinMarketCap. Its dominance will rise to 80% as regulators declare values to other currencies and their use dwindles, Saylor said in a Bloomberg Television interview. MicroStrategy is the enterprise software that Saylor co-founded and has become the largest public holder of cryptocurrency.
