According to Odaily Planet Daily, US Senator Loomis proposed that the government purchase 5% of the Bitcoin supply. Collective Shift CEO Ben Simpson analyzed that if this proposal is approved, the market may be unstable.
Simpson expects Bitcoin prices to rise first and then fall. He believes that Bitcoin's dominance will begin to decline and consolidate around $100,000. Altcoins have begun to climb, and the market rotation trend has started, but it will not immediately enter the alt season.
