Rebuttal to the Viewpoint of 'No More Altcoin Seasons in This Cycle'

Currently, many viewpoints suggest that 'this cycle is different and there will be no more altcoin seasons,' but this judgment is flawed.

If there really were no altcoin seasons, the cryptocurrency space would completely lose its core motivation to attract retail investors. Since the cycle in 2017, the key driver for retail investors flooding into the market has not been Bitcoin, but rather the 'wealth creation myth' brought by altcoins — this is the core attraction for retail participation in the market.

From an industry ecosystem perspective, whether it is project teams, trading platforms, or Wall Street institutions involved, they all essentially need to rely on the altcoin seasons that occur every four years to complete the market cycle of retail investor engagement. Even if the market is hotly discussing 'Bitcoin being recognized by institutions and becoming a gold-level reserve asset,' it should be clear that the proportion of retail trading in the gold market is extremely low. Relying solely on Bitcoin cannot support the retail base required for the cryptocurrency market.

In short, altcoin seasons are not an 'optional item' in the cycle, but an important support for the operation of the cryptocurrency industry. If altcoin seasons are lost, the entire ecosystem of the cryptocurrency industry will break down, and its development will face the risk of termination.