【Analyst: If the U.S. Strategic Bitcoin Reserve is approved, it may trigger a market rise followed by a decline】According to Golden Finance reports, after Senator Lummis proposed the U.S. government acquire 5% of the Bitcoin supply, Ben Simpson, founder and CEO of Collective Shift, pointed out that if the strategic Bitcoin reserve is approved, the market is expected to become unstable, with Bitcoin rising initially and then possibly falling back. Regarding the current market conditions, Ben Simpson believes that Bitcoin's dominance (an indicator measuring Bitcoin's share of the total value of the cryptocurrency market) will 'begin to decline,' and as Bitcoin starts to consolidate around $100,000 and altcoins begin to 'rise,' the market's trend of 'rotating' to altcoins has actually already begun, but it should not directly enter the so-called altcoin season.
