Strategy Inc. CEO Phong Le stated on Tuesday that Bitcoin's dominance in the cryptocurrency space is expected to keep increasing, fueled by stablecoins, tokenization, and big bank adoption. Le attributed the steady rise in market share over the last four years to institutional adoption and support from the U.S. administration. The CEO shared a chart from CoinGecko indicating that Bitcoin's dominance expanded from 40.83% in 2022 to 56.95% as of this writing.

Bitcoin Dominance Trends

Le highlighted that the expansion of the BTC-centric digital asset economy would further drive Bitcoin's market share. He noted that Bitcoin Treasury Companies, ETFs, institutions, and US support have contributed to the growth over the past four years. However, data shows a slight decline compared to a year ago, with dominance falling by 2 percentage points after hitting near four-year highs of 63% in June 2025.

Institutional Adoption and Strategy's Holdings

The total stablecoin market capitalization increased by 6 percentage points, while institutional adoption remains strong. Over $50 billion has flowed into Bitcoin spot ETFs on Wall Street, according to SoSo Value. Corporate Bitcoin treasury holdings have surged exponentially, currently exceeding $125 billion, according to CoinGecko.

Le leads Strategy, the world’s most prolific buyer of Bitcoin, with a stash worth $55.5 billion as of this writing. Despite concerns about the firm’s financial strength following normalized Bitcoin sales, Le previously described Bitcoin as a hedge against inflation and "big government," stating that Strategy would continue to be the biggest buyer of the asset.

Market Performance

At the time of writing, BTC was exchanging hands at $65,845.17, up 0.36% over the last 24 hours. Strategy shares rose 0.20% in after-hours trading after closing 4.22% higher at $101.95 during Tuesday’s regular trading session.

SkyBridge Capital founder Anthony Scaramucci positioned Bitcoin and gold as "part of the answer" to a changing monetary system under strain from fiscal pressures and declining purchasing power. He voiced concerns on X about the potential impact of deficit spending and inflation on the economy, warning that national debt could rise from the current $39 trillion to $55 trillion within the next decade. Scaramucci framed deficit spending as an "unfunded tax liability" that would trigger inflation and borrowing costs, an assessment shared by JPMorgan Chase CEO Jamie Dimon.

Scaramucci added that inflation effectively monetizes debt by eroding the currency’s value, so $1,000 would have only $750 in purchasing power. He pitched Bitcoin and gold as "part of the answer" to this evolving monetary system, deeming them both as inflation hedges. "That’s why I’m long gold. That’s why I’m long Bitcoin," Scaramucci added.

Long-term Projections and Market Cap

Scaramucci has maintained his long-term bullish stance on Bitcoin, asserting that he would allocate roughly 30% of a new portfolio to Bitcoin, alongside AI, U.S. equities, real estate and gold. Even without U.S. regulatory reform, he believes Bitcoin could eventually reach half of gold’s market capitalization. If gold reaches a market value of roughly $50 trillion over the next decade, he believes Bitcoin could grow to around $25 trillion. This valuation would imply a Bitcoin price in the range of $1 million to $1.5 million, depending on circulating supply.

Short-term Outlook and Cycle Analysis

Scaramucci previously deemed the current cycle shallower than previous ones, predicting a rally late in the 4th quarter of 2026 into early 2027. He expects Bitcoin to finish the year above current levels, even without the passage of the CLARITY Act. He sees Bitcoin trading around $70,000 to $75,000 by year-end. At the time of writing, BTC was exchanging hands at $66,203.73, up 1.07% in the last 24 hours.

Legislative Hurdles and Asset Impact

Scaramucci expressed pessimism regarding the passage of the CLARITY Act, noting it may not secure the necessary 60 Senate votes and could be delayed for several years. The legislation is considered more important for altcoins than Bitcoin because the latter already has regulated investment products and has established itself as a digital store of value.