Cryptocurrency investment company Pantera Capital expects Bitcoin to outperform most alternative cryptocurrencies and fiat currencies as well, especially as banks continue to print money.

in statement Pantera Capital published a post last Wednesday, telling the company that an altcoin revolution of the scale of 2017 is unlikely to happen again, but that we are in the midst of a bull market cycle and will continue to have one until next year.

In the same post, the company said that Bitcoin’s performance continued positively throughout 2020, despite the turmoil in March, when Bitcoin outperformed many other financial assets.

Bitcoin was not the only one who performed well in terms of the increase in the value of its price, but four alternative currencies outperformed it in varying proportions.

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Bitcoin is up 34% in 2020, Ethereum is up by 88%, 0x and Augur are up by 98% and 97% respectively, while ChainLink is up by 100% in 2020, which we mentioned in yesterday’s article. On the Bitcoin Arab website:

ChainLink Coin Achieves 100% Price Increase in 2020

Despite the positive performance of some alternative cryptocurrencies, others still perform negatively, such as the Ripple currency, which is still declining throughout the year 2020 by 2%.

According to the Pantera Capital report:

During the bullish crypto market we expect altcoins to outperform as a whole, as they have larger assets and people tend to buy them after buying bitcoin.

Pantera added:

Bitcoin’s share of the total cryptocurrency market shows a clear dominance of Bitcoin which currently hovers just under 65%, but this percentage is likely to decline.

This is because other cryptocurrencies will start gaining more bullish momentum.

The report said the growing interest in bitcoin and other digital currencies is a reaction from investors who are terrified of excessive money printing by central banks.

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It was also stated in Pantera’s post:

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Bitcoin was created as a reaction to earlier printing of money.

The price of Bitcoin has increased significantly during this ten year period than it was at the time.

What is happening in the world today is an unprecedented amount of money printing.

The tsunami of money has increased the price of cryptocurrencies in general, we have used bitcoin as a proxy for the market because it is known.

Pantera added that in the coming year, when the bull market matures, altcoins are expected to gain a more significant market share compared to Bitcoin.

Pantera concluded that the cryptocurrency is in fact more than just Bitcoin.

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