Bitcoin (BTC) is one of 100s of cryptocurrencies. While not exactly the first 'digital gold', it is the first successful and enjoys a first mover advantage in the competition in terms of market share (of all money invested in cryptocurrency). In the summer of 2017, Bitcoin seemed poised to lose its position as coin number 1 to Ethereum (ETH), however, it eventually gained back its dominance. Also in early 2018, BTC lost dominance and was down to about 33% of the market, but then again bounced back. It currently has a market share of 57% according to coinmarketcap.com's estimate.
When will Bitcoin lose its position as number one cryptocurrency?
- Data from coinmarketcap.com's page.
- Question resolves positively when Bitcoin reaches a lower market share than any other single coin.
- In case the question does not resolve positive prior to 2050-09-06, the question resolves as ">2050-09-05".