Bitcoin Dominance Expected to 'Keep Increasing,' Says Strategy CEO Phong Le Amid Stablecoin, Big Bank Ado

Strategy Inc.

(NASDAQ:MSTR) CEO Phong Le said on Tuesday that Bitcoin's (CRYPTO: BTC) dominance in the cryptocurrency space has steadily increased owing to institutional adoption and support from the U.S. administration.

Le Confident Bitcoin's Dominance Will Increase Further Le attached a chart from CoinGecko—a leading cryptocurrency data aggregator—showing Bitcoin's increasing market share over the last four years.

Bitcoin’s dominance has expanded significantly, moving from 40.83% in 2022 to 56.95% as of this writing.

"Bitcoin dominance has increased over the last 4 years with Bitcoin Treasury Companies, ETFs, institutions, and US support," Le said.