According to BlockBeats, on July 29, Rich Rosenblum, Co-CEO and Co-Founder of cryptocurrency market maker GSR, shared his thoughts on social media regarding the future of altcoins. Rosenblum noted that every time Bitcoin experiences a price increase, there is a recurring debate between the optimistic 'altcoin angel' and the skeptical 'altcoin devil' on his shoulder. The 'altcoin angel' enthusiastically declares the arrival of altcoin season, while the 'altcoin devil' cynically counters that the current regulatory environment will prevent altcoins from rising. However, the 'altcoin angel' argues that with improved teams and technology, altcoins will find a way to break through. For the first time, the 'altcoin devil' remained silent. Rosenblum observed that Bitcoin's market dominance has been increasing throughout the month, suggesting that BTC might continue to lead the next phase of the bull market cycle, potentially alongside Solana (SOL), which he referred to as the 'fastest horse.' Despite the challenges, Rosenblum expressed his strong confidence that altcoins will make a significant comeback and do so with considerable strength.