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CEO Blockstream Supposes The Real Dominance Index of BTC is About 95%

CEO Blockstream Adam Back states that the Bitcoin dominance index is returning to a normal average of 90% at the moment.

He stressed that until June 2016, this indicator never fell below 99%, and until February 2017 - below 95%.

Dr. Back is convinced that taking into account liquidity indicators and with the exception of USDT and other stablecoins from the calculation of the index, the real value is close to 95%.

Some analysts are counting on the onset of the so-called “viola season”, but the index is kept close to 70%.

Recall, the legendary trader Peter Brandt believes that the growth of altcoins is not expected. In his opinion, they will become useless stuff.