Analyst: If the U.S. Strategic Bitcoin Reserve is approved, it may cause the market to rise first and then fall
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2024-12-14 16:03 9,127
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Golden Finance reported that after U.S. Senator Loomis proposed that the U.S. government acquire 5% of the Bitcoin supply, Ben Simpson, founder and CEO of Collective Shift, analyzed that if the strategic Bitcoin reserve is approved, the market is expected to change. Without stability, Bitcoin will rise and then potentially fall back. As for current market conditions, Ben Simpson believes that Bitcoin’s dominance (a measure of the share of the total cryptocurrency market value that is Bitcoin) will “start to decline” and will continue to decline after Bitcoin begins to consolidate around $100,000 and altcoins Starting to “climb”, the trend of the market “rotating” to altcoins has actually begun, but it should not directly enter the so-called alt season.