Hello, everyone 👋
The $BTC was showing a great progress yesterday, returning back to it’s position at 96K$. And the question is - when the altcoin season finally comes. Well, the experts have different opinions on that one. Ki Young Ju says that the large amount of investment money flows into bitcoin, which makes it hard for the altcoins to grow.
The ETFs are not interested in altcoins, unlike the crypto exchange users. They most likely invest in bitcoin to save their money whereas regular users are the only ones, who can change the money flow into the right direction. This market is no more dependent on the bitcoin price, but needs a lot of funds from the outside to create a real altcoin rally.
What are your thoughts about this year’s market?