Bitcoin’s days as the #1 crypto are numbered

Bitcoin’s dominance in the crypto market is coming to an end. [RiskHedge Roundup] When most people hear the word “cryptocurrency,” the first thing that comes to mind is bitcoin (BTC). It makes sense… bitcoin is the first and largest crypto. But according to the chart below, bitcoin’s dominance is eroding quickly. This chart measures bitcoin’s market cap relative to the overall crypto market. As you can see, bitcoin went from occupying 95% of crypto’s total market cap in 2017… to 42% today. There are two reasons for this huge drop: - There were just 650 cryptos by the end of 2016. Today, there are over 17,500. While most of them won’t survive, several will thrive and keep gaining market share. - The rise of Ethereum (ETH). ETH is the second-largest cryptocurrency, and now occupies 18% of the market (compared to just 5% in January 2017). RiskHedge Chief Analyst Stephen McBride recently went on record saying [2022 will be the year Ethereum overtakes bitcoin as the #1 crypto asset](: Bitcoin allowed anyone to send and receive money on the internet, without middlemen, for the first time ever. That’s revolutionary. But bitcoin is a finished product. All it’ll ever be is digital cash. Ethereum is a fountain of innovation. It’s the “base layer” on top of which programmers are building world-changing disruptive businesses. Even better, Ethereum makes money from all this activity happening on its blockchain. Roughly $25 billion of value settles on Ethereum every day. It now collects $40 million in daily transaction fees. That’s 40X greater than bitcoin. If you could only invest in bitcoin or Ethereum for the next ten years, Stephen says Ethereum is the play, hands down. But remember: there are tinier, more explosive cryptos available that will also “eat into” bitcoin’s market cap—handing early investors big gains in the process. Stephen calls them “Phase 2” cryptos: and [this presentation]( reveals everything you need to know about them. Including how to access Stephen’s top names today. [Click here to discover more](. In case you missed it… On Monday, I shared a lesson from Jeff Bezos, [it’s something all serious investors should take note of](. On Tuesday, Chief Trader Justin Spittler shared [why “reopen” stocks are a smart trade](. And on Thursday, [Stephen shared an update on the “streaming wars,” including a stock to put on your watchlist](. Chris Reilly Executive Editor, RiskHedge This email was sent to {EMAIL} as part of your subscription to RiskHedge Report. To opt-out, please visit the [email preferences page](. [READ IMPORTANT DISCLOSURES HERE.]( YOUR USE OF THESE MATERIALS IS SUBJECT TO THE TERMS OF THESE DISCLOSURES. Copyright © 2022 RiskHedge. All Rights Reserved RiskHedge | PO Box 1423 | Stowe, VT 05672