Thursday, December 26, 2019 8:01:10 AM
Bitcoin’s hash rate growth will eliminate most of altcoins, trader Tone Vays says.
He noted that since December 2017, bitcoin’s hash rate has grown by 800%, which was not the case with altcoins. The trader has also added bitcoin’s dominance index went from 50% to 70% in 2019, and next year it will be 85%.
“I think we have another 10-15% in Bitcoin to gain on the sh*tcoins as it continues towards 90% and 95% and then 98%”, - Vays said.
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