Golden Finance reported that Citi analysts said that new policy support will help consolidate the legitimacy of altcoins in the market and may push up their prices. “Bitcoin is classified as a commodity and there are already ‘traditional finance’ trading instruments such as spot ETFs and futures. In contrast, other crypto-assets are more uncertainly defined and have a more limited range of investment options.”
Analysts added that further policy support would provide a huge boost to altcoins compared to Bitcoin.