There is this unfounded believe that Bitcoin would die in the future while altcoins would flourish. However, market experts are coming out, proving otherwise that the ultimate “death” of Bitcoin would drag altcoins with it.
Bitcoin Decides the Direction of The Crypto Market
As it is, Bitcoin was the first cryptocurrency created, and it is still the leading digital currency dominating market share as well as being the most capitalized. If anything, price fluctuation usually determines the flow of most altcoins. That’s exactly what a Twitter user, The Crypto Monk is trying to put across: “If you think $BTC will never recover, don’t expect your $alts to do so. I’ve seen many newcomers over the past months thinking $BTC could die while their alts with “new super technology” would resist and skyrocket. Whatever the tech is behind, $BTC is the king in this town.”
The bold trader pointed out that despite the progress made by other cryptocurrencies in terms of…
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