Bitcoin Set to Consume 90% of Crypto Market by 2040, Claims Industry Expert

A prominent cryptocurrency analyst has made a striking prediction about Bitcoin’s future market position, suggesting the flagship digital asset could command as much as 90% of the entire cryptocurrency market within the next 15 years.

Bitcoin’s Dominance Trajectory

The forecast comes from well-known on-chain analyst Willy Woo, who shared his perspective on May 4 through social media channels. According to his analysis, Bitcoin’s market share is poised for substantial growth over the coming decade and a half.

“Bitcoin will wipe out 99% of all altcoins within 15 years. We’ll see 90% market dominance,” Woo stated emphatically.

This prediction represents a significant shift from current market conditions. As of early May 2025, Bitcoin’s dominance stands at approximately 56%, having reached a recent peak of around 60% in March before declining slightly as capital flowed into alternative digital assets.

Historical Context and Market Cycles

Woo’s forecast appears to align with Bitcoin’s historical patterns of gaining market share during bear markets and losing some ground during bullish periods when investors typically spread capital across various altcoin projects.

The analyst elaborated on this cyclical pattern, noting: “BTC dominance rises in bear markets as altcoins die and falls in bull markets as new altcoins are created. But the overall dominance follows a rising path.”

If this prediction materializes, it would mark a return to Bitcoin’s earlier market position. The original cryptocurrency once commanded over 90% of the total market capitalization during its formative years before the proliferation of thousands of alternative digital assets.

Implications for Altcoin Ecosystem

The analyst’s outlook paints a particularly bleak picture for the vast majority of altcoins. Woo pointed specifically to Ethereum as potentially being one of the few survivors in this scenario, though not without facing significant challenges.

“Ethereum will survive but be massively diluted. All the rest will be forgotten,” he predicted.

This perspective emerges at a time when the cryptocurrency ecosystem has expanded dramatically, with over 13,000 different digital assets currently trading across global exchanges. According to Woo’s analysis, only a tiny fraction of these projects would remain relevant if this market concentration materializes.

Expert Opinions Remain Divided

While Woo’s prediction has garnered attention, opinion within the cryptocurrency community remains divided. Some analysts argue that specialized blockchain projects addressing specific use cases will continue to carve out substantial niches, preventing such extreme market concentration.

Others point to the historical resilience of certain alternative cryptocurrencies through multiple market cycles as evidence that a more diverse ecosystem will persist. However, proponents of Bitcoin maximalism have long maintained that Bitcoin’s first-mover advantage, security, and established network effects would eventually lead to similar market dominance.

As with all market predictions, especially those spanning more than a decade, investors are advised to consider multiple perspectives and conduct thorough research before making investment decisions.