Interesting theory… just so I understand correctly: when you say “is it possible that there can only be one major market?” are you speaking of “market” in terms of major types of markets such as the crypto market, stock market, etc?
If so, then here is my response:
I am very skeptical. If if were only possible to have one major market, how would you explain the historical existence of the FOREX markets, commodity markets, futures markets, options markets, equities markets, etc… There’s a market for anything that can be traded, and often a very major market at that. And given that historical precedence, it seems unreasonable to suggest that there can only be one major market, and as a result, the crypto market is poised to gain from the recent crashes in the stock market.
I wouldn’t hold your breath. They seem like unrelated issues to me.
But if you’re referring to “market” in a more narrow sense, such as Bitfinex vs. GDAX vs. Bittrex, etc, then I’m still very skeptical, and I think the reason is much more obvious. There are plenty of major markets in existence. And not just in the crypto space; the equities markets in the US are dominated by two separate actors: NASDAQ and the NYSE, not to mention all of the other equities markets world wide.
So I suppose my final point is that I must not really understand your point… and if I do, then I think it’s poorly conceived.