According to BlockBeats, on July 29, Rich Rosenblum, co-CEO and co-founder of crypto market maker GSR, posted on social media, “Every time Bitcoin goes up, the altcoin angel on my shoulder shouts: altcoin season is here.

The altcoin devil responded sarcastically: Not this time… altcoins cannot rise in this regulatory environment.

The angel said: The team and technology are much better now, and the altcoins will find a way to break through.

This is the first time the altcoin devil has remained silent.

Bitcoin’s market dominance has been rising throughout the month, and BTC could continue to lead the next phase of the bull cycle (or rather, SOL, or “fastest horse”).

But this is the most confident I’ve ever been that altcoins will come back. And they’ll come back strong.”