BlockBeats news, on January 9, Citigroup analysts stated in a report on Monday: 'Given that Ethereum is the only major cryptocurrency approved as a spot ETF base (apart from Bitcoin), it may be a rotation target. The performance of other cryptocurrencies and altcoins is even more meaningful, indicating that some market participants expect a 'altcoin season' to arrive in 2025 after a strong year for Bitcoin.'
Citigroup analysts stated that new policy support will help solidify the legitimacy of altcoins in the market, potentially driving up prices. 'Bitcoin is classified as a commodity and already has traditional financial trading tools such as spot ETFs and futures. In contrast, the definitions of other crypto assets are more uncertain, and the range of investment options is more limited.'
Analysts added that further policy support will provide a significant boost to altcoins compared to Bitcoin. (Jin Shi)
