Cryptocurrency analyst Benjamin Cowen says Bitcoin (BTC) is ready to continue to outdo the short-term altcoins.
Cowen said to its 894,000 YouTube subscribers who, on the basis of the social risk metric, which evaluate the feeling of crypto-market-based on the activity of the social media of market actors, Altcoins could continue to underform the cryptographic king.
“I have often said that Ethereum was a bit like the Altcoin market index. If it goes wrong, the interest in the crypto is not so high and the altcoins do not really do everything. And you can see that as Ethereum has collapsed, it is therefore social risk. So, when we are talking about social bleeding for crypto and that it is social risk.
According to the widely followed analyst, the release of American monetary policy could transform the trend in favor of altcoins.
“Despite what people say, they really want the Altcoin season. That’s what they want. And because they keep getting it, Altcoins continues to bleed in Bitcoin …
… To see this change, you need monetary policy to change, which can ultimately lead people to be more interested in the asset class …
… The way you get a change in monetary policy is to hurt the markets. We are doing pain in the markets right now. We have seen a lot of pain on the markets. And the more pain there is than the markets become, the more the chances that monetary policy is manifested. But to see the change, you must have the pain.
Welcome to pain. I do not know how long the pain will last, but it is this type of pain on the markets that you see persist over a long period which then leads to changes in monetary policy. »»
https://www.youtube.com/watch?v=16L2PCW3Z4G
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