Prediction record
HitcryptoAltcoins' purchasing power relative to Bitcoin will remain in a downtrend at least through Q3 2023
A scored record for Benjamin Cowen, made on .
Scored record
Hitcrypto“I'm guessing until at least the third quarter of this year”
Altcoins' purchasing power relative to Bitcoin will remain in a downtrend at least through Q3 2023
- Made on
- 2023-04-24
- Outcome
- Hit
- Importance
- 3 / 5
- Contribution
- +1.79
Criterion
- Resolution status
- resolved
- Resolved on
- 2023-09-30
Altcoins' purchasing power vs Bitcoin (alt/BTC) remains in a net downtrend at least through the end of Q3 2023.
Criterion (alt/BTC in a net downtrend at least through end of Q3 2023) is supported: BTC dominance trended up across Q3 2023 (holding ~48-52%), the inverse of alt purchasing power vs BTC. Some short-lived single-alt outperformances occurred, but the aggregate alt/BTC direction through 2023-09-30 was down. Dominance used as the alt/BTC proxy; a later stage could confirm with an explicit alt-basket/BTC index.
Sources
ETH/BTC Outlook
YouTube ·
Outcome evidence
BTC dominance rose through Q3 2023 and stayed elevated: it crossed 50% on June 19, 2023, topped 50% in late June, and 'has not dipped below 50% since September 2023' — indicating alt/BTC remained in a net downtrend through end-Q3.
Dominance continued climbing into a 2023 high (52.72% by October 20, 2023), consistent with altcoins' purchasing power vs BTC still declining through Q3 and into Q4 2023.
Banking-crisis-driven dominance surge (42% early March to ~48.5-48.9% by early May 2023) set up the sustained BTC-over-alts regime that persisted through the summer and Q3.
Corrections
No public corrections.
Score contribution
+1.79- Confidence
- 55%
- Outcome
- Hit
- Importance
- 3 / 5
- Contribution
- +1.79
This page displays the scored record as published; the website doesn't recompute or adjust the score.
Provenance
Altcoins' purchasing power relative to Bitcoin will remain…- Methodology version
- v1.0.0
- Last computed
- July 18, 2026
- Made on
- 2023-04-24
How this profile was built
Scored by independent judges
Predictions gathered and sourced
Independently verified against sources