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The Bitcoin reserve proposal may trigger market volatility, and the altcoin season has not yet arrived.

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#Bitcoin
$BTC
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Dec 14, 2024

After U.S. Senator Loomis proposed that the government acquire 5% of the Bitcoin supply, Ben Simpson, founder and CEO of Collective Shift, analyzed that if a strategic Bitcoin reserve is approved, the market could become volatile, with Bitcoin initially rising and then potentially falling back. Simpson believes that Bitcoin's dominance will begin to decline, and as Bitcoin consolidates around $100,000 and altcoins start to rise, the rotation toward altcoins has already begun, but one should not directly enter the so-called altcoin season.

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