Note: I will respond to most RELEVANT comments in the comment section below, so feel free to interact or just check it out to read additional information related to (and likely not in) the video.
Bitcoin has seen its market dominance slide from a peak of 65.5% earlier this month all the way down to 44% as altcoins skyrocket. We don't have a long history of Bitcoin below 50% dominance, but when it has gone below that level, it tends to bounce back over whenever the eyeballs shift back onto Bitcoin. Whether it is due to financial media, a new hard fork, political infighting, or whatever else, when Bitcoin has attention, altcoins tend to suffer.
If you watched this channel a while, you know I have generally preferred altcoins over Bitcoin starting in October when Bitcoin had its huge bull run with few dips or corrections as a result of anticipation over Bitcoin Gold hard fork and SegWit2x hard fork.
I rooted for altcoins all the way up until SegWit2x was cancelled, at which point I acknowledged an opportunity for Bitcoin if it dipped. It subsequently did and I was able to pick some up for cheap while the threat of the Cashening reached its peak. Since then, Bitcoin bounced back substantially in market dominance and I moved a substantial % of that Bitcoin position into altcoins and cash once Bitcoin hit $10k.
The altcoins have finally started to recover and do well, although many are still below their highs just 2 - 3 months ago. I've chosen to convert some of my positions into Bitcoin as I suspect if we undergo a correction in Bitcoin, altcoins will likely follow as they always do and I believe at some point we should see a more substantial correction for Bitcoin down to around $11 - 12k where I'll start buying.
For now, the cash position in my portfolio shall remain the same. But some of my altcoin holdings, especially the weaker ones (whether because of price or the project itself), I've started to convert into Bitcoin as I still want exposure to the market and I see Bitcoin as better exposure currently.
In the video, I also briefly discuss my feelings about Charlie Lee selling all his Litecoin and cryptocurrencies I'm holding despite seeing Bitcoin as a better opportunity than most currently. Thank you for watching / reading everyone.