CoinVoice has recently learned, according to a report by Cointelegraph, that after U.S. Senator Lummis proposed the U.S. government to acquire 5% of the Bitcoin supply, Collective Shift founder and CEO Ben Simpson pointed out that if a strategic Bitcoin reserve is approved, the market is expected to become unstable, Bitcoin will rise, and then may fall back.
Regarding the current market situation, Ben Simpson believes that Bitcoin's dominance (a measure of Bitcoin's share in the total value of the cryptocurrency market) will 'start to decline,' and as Bitcoin begins to consolidate around $100,000 and altcoins start to 'rise,' the trend of the market 'rotating' to altcoins has actually begun, but it is not expected to directly enter the so-called altcoin season. [Original link]
