In Cryptoverse founder Benjamin Cowen presented a clear message that crypto investors would want to live with. According to a veteran analyst, Bitcoin is still the ultimate currency in the entire cryptoverse. It’s all in the cryptoverse at the end bleed back to Bitcoin, related to the ongoing pattern that continues to explain many market cycles and the dominance of the Bitcoin market.
A Pattern That Repeats Every Cycle
Cowen shared an interesting take on social media platform X by highlighting the first advantage of Bitcoin in the crypto market. According to him, everything in the cryptoverse eventually just bleeds back into Bitcoin. People have done all kinds of different things, but after a cycle or two, it all comes back to the king.
A closer look at this statement will show that this is the case not based on one market segment. It shows a structure that has played out over and over again in the history of Bitcoin. Each cycle always starts with Bitcoin leading the market as new money enters. Momentum then spreads outward, pushing investors into altcoins to seek greater percentage gains. This phase, known as the altcoin season, often creates the illusion that the capital is gone forever from Bitcoin.
This dynamic was on full display in the most recent cycle. As of late 2024, the value of Bitcoin increased from around $70,000 to $100,000 due to institutional demand from Spot Bitcoin ETFs. This capital eventually turned into major altcoins, with Solana rising to a peak of $295 in January 2025, XRP rising to $3.65 in July 2025, and Ethereum rising to $4,946 in August 2025. However, Bitcoin continued its record, finally reaching 6201 in October 2011.
Why does Bitcoin keep winning?
The reason for this repeated flow in Bitcoin is based The role of Bitcoin in the market. Bitcoin is still the main entry point for institutional money and the benchmark against which the performance of other cryptocurrencies is measured.
Even when new crypto projects attract attention, they often lack the durability to hold value over multiple cycles. We’ve seen this time and time again, with the most recent example being the TRUMP meme coin, which rose to a multi-billion dollar market cap shortly after its launch. but since then he folded more than 95% from the top.
At the time of writing, Bitcoin is about 44% below its October 2025 high, but still. maintains a large market dominance. As of March 2026, Bitcoin controls 58.3% of the total crypto market capitalization, which means that of every dollar invested in crypto right now, more than half of that resides in Bitcoin. The takeaway is not that altcoins can’t perform, but that their potential lies within a larger cycle that still relies on Bitcoin.
Featured image from Pixabay, chart from TradingView
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