RATE Group | Bitcoin the Favorite in ‘Winner Takes All Market,’ Says Chief Market Analyst
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Bitcoin the Favorite in ‘Winner Takes All Market,’ Says Chief Market Analyst

14 Sep Bitcoin the Favorite in ‘Winner Takes All Market,’ Says Chief Market Analyst

Posted at 07:11h in Bitcoin News by

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Cryptocurrency have finally shrugged off naysayer comparisons to the dotcom boom after markets lost more value than the crash of 2000.

‘Very Likely A Winner Takes All Market’

As Bloomberg reported September 12 following another day of declines, especially concentrated in altcoin markets, the MVIS CryptoCompare Digital Assets 10 Index now reads 80 percent lower than at all-time highs around December last year.

This beats the Nasdaq Composite Index’s decline after the dotcom bubble burst by 2 percent.

“It’s a very likely a winner takes all market — Bitcoin currently most likely,” the publication quotes UK-based Markets.com chief market analyst Neil Wilson as saying.

Nasdaq Increases Exchange Customers and Looks to Police Crypto

Experienced cryptocurrency investors have defended market performance this year despite continuing to suffer heavy losses, arguing Bitcoin, in particular, has rebounded from several lows in the past five years alone.

While Wilson was keen to paint the image of all crypto as a “massive speculative…

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