Hello steemians,
Bitcoin diminance dropped very hard last months from 86% in february 2017 to a minimum of 37% June 19th.
Scaling debate and altcoins maturity launched an historical flow of liquidity from Bitcoin to altcoins never seen before.
Bitcoin dominance vs altcoins since 2013:
As always market is very brutal and create moovement that are often unsustainable long term, equilibrium has to be achieve.
Many of you wonder what will hapen with BTC Hard Fork, i think it will end for few months or years the scaling debate once the code is activated.
Tx/sec will increase and the network will execute more and more transactions per days as adoption continu to grow. Meltcalfe's law indicate us the price should follow up in these conditions.
Once segwit 2MB is activated, futur looks bright for bitcoin, i anticipate a regain in dominance against altcoins and the price could go up to 4000$/5000$ before end fof 2017.
Have a good day!