People like to say that Bitcoin dominance is dropping. In reality, their metrics are flawed. You can’t compare apples to oranges, and you can’t compare Proof of Work assets to Tokens and Stablecoins. If you remove those two digital asset classes from the equation, you get a much higher market dominance for Bitcoin. We’ve discussed this in the Real Bitcoin Dominance Post.
Here’s Michael Saylor answering the same question.