Popular cryptocurrency analyst Benjamin Cowen believes that Bitcoin (BTC) is a considerably stronger asset than most other altcoins. He recently released a video explaining why BTC may outperform all other altcoins from the bear market and beyond.

Cowen pointed out that there has been a noticeable surge in Bitcoin dominance over the last several months. In the beginning of March, Bitcoin had a dominance rate of 42%. Now, it has since jumped to 45.9%. Cowen predicts that Bitcoin's market share could be potentially pushing past 50% in the next month or two.

He also mentions that charting Bitcoin's dominance rate excluding any stablecoins shows an even more unexpected outcome. Excluding stablecoins from the same chart, Cowen suggests that Bitcoin's market domination could potentially rise to an all time high because some altcoins appear to remain in a perpetual downtrend when compared to Bitcoin. Bitcoin averaged $30,341 across various exchanges and saw a 3.1% growth over the 24 hours at the time of writing.



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