Bitcoin Becoming Reserve Asset for Altcoins: Ark Investment

A recent run-up in the bitcoin price has been credited to a string of events: the US-China trade war, determined monetary easing by central banks, price manipulation via Tether’s stablecoin USDT, Facebook’s plans to launch its cryptocurrency, as well as a weakening Renminbi. But another factor may be lifting bitcoin as well: altcoins.
New York-based Ark Investment showed in its research that altcoin capital is fleeing into the bitcoin market. Almost every alternative crypto