The growing demand for Bitcoin is unprecedented, it has been forecasted that the demand for btc will continue to grow even as awareness and adoption increases now and in near future.
We also know that Bitcoin dominance over altcions has gone very high, there are no indications for a decrease at the current index rate which stood at around 62%, very is high for altcions bullish momentum, or the much anticipated altcions season.
Now, I think that Bitcoin has the capacity, based on it's continuing awareness and adoption to dominate the faits in near future, though this, in my opinion may causing fears on the Fiats economy, hence the rising regulatory concerns in many countries. Do you think Bitcoin will dominate fiats in near future?
I know that bitcoin will continue to grow and its adoption also grow in the same proportion.
Why bitcoin will continue to dominate over altcoins is because we are including these very big institutions are buying into bitcoin. I may also add that some government's favourable comments about bitcoin is also part of the reason for this. And like the majority, I am holding bitcoin more for savings and not for transactions. Another reason.
In the future bitcoin will coexist with fiats as we can already see in some countries though not full-blow. To dominate fiats would be no possible.