Fold CEO Will Reeves believes Bitcoin’s rise is not just a short-term phenomenon—it’s part of a deeper shift that’s reshaping the entire crypto market.
Speaking in a recent interview, Reeves pointed to surging institutional interest and Bitcoin’s limited supply as the main forces behind the asset’s continued dominance.
According to him, Bitcoin’s climb to new highs is the result of a “supply shock” triggered by growing demand from large-scale investors. The launch of spot ETFs and the increasing number of companies holding BTC in their treasuries have opened the floodgates for mainstream capital, Reeves explained. As new financial vehicles bring trillions of dollars closer to Bitcoin, he said, it’s only natural for the price to move upward.
But Reeves didn’t stop at price action. He warned that Bitcoin’s growing market share is becoming a one-way street, leaving little room for most altcoins to catch up. With BTC’s market dominance approaching 65%, he argued, the asset is cementing its role as the core pillar of the crypto ecosystem.
In contrast, he suggested that alternative tokens remain highly speculative and lack the credibility or utility to compete with Bitcoin over the long run. While many are still trying to prove themselves, Bitcoin stands apart as a globally neutral, battle-tested asset that institutions can trust.
At the time of writing, Bitcoin is trading just above $117,600, holding steady on the day. Its market dominance continues to climb, signaling that the broader market may increasingly revolve around a single apex digital asset.
Alexander Zdravkov
Reporter at Coindoo
Alexander Zdravkov is a person who always looks for the logic behind things. He is fluent in German and has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team.
Source: https://coindoo.com/institutions-are-fueling-bitcoins-rise-altcoins-left-behind/