Bitcoin surged to $100,000 yesterday, nearly reclaiming its previous losses, but other coins are still at rock bottom. After this performance, the vast majority believe there will be no altcoin season anymore; the market only acknowledges Bitcoin, and I think those who believe this are definitely driven by emotions.
Here, I would like to share my personal opinion: if the crypto circle only sees Bitcoin as having a profit-generating effect, then the market will exclude 80% of the participants. Because 80% of people won't buy Bitcoin, thinking it is overpriced and has limited upside potential. If 80% of people are kept out of the market, with no capital inflow, it will lead to a significant shrinkage of market liquidity, making it difficult for new applications to secure financing, and limiting technological innovation and ecological diversity.
Such an extreme situation would cause the crypto circle to degrade from a diversified and vibrant market to a niche area with poor liquidity, lack of innovation, and concentrated risks, which goes against the original intention of decentralization and inclusiveness, making sustainable development difficult to achieve.
So my opinion is that an altcoin season does exist, but not all will rise together. The core of the altcoin season is the reallocation of funds outside of Bitcoin, and that allocation is selective. Sectors with practical application scenarios, user volume, or technological progress narratives are more likely to attract funding.
I wonder what you brothers think about this?
Finally, I wish all the friends who liked this can encounter strong altcoins.
