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.

PANews reported on December 14 that according to Cointelegraph, after U.S. Senator Loomis proposed that the U.S. government acquire 5% of the Bitcoin supply, Collective Shift founder and CEO Ben Simpson analyzed that if the strategic Bitcoin reserve is approved, the market is expected to become unstable, Bitcoin will rise, and then may fall back. As for the current market conditions, Ben Simpson believes that Bitcoin's dominance (an indicator that measures the proportion of Bitcoin in the total value of the cryptocurrency market) will "begin to decline", and when Bitcoin begins to consolidate around $100,000 and altcoins begin to "climb", the market's "rotation" to altcoins has actually begun, but it should not directly enter the so-called altcoin season.

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