Sergej Kunz, co-founder of exchange aggregator 1inch, said during Cointelegraph’s LONGITUDE event in Dubai that if the US were to start buying Bitcoin for a strategic reserve, even smaller countries may soon struggle to acquire the cryptocurrency.He added.“I’m pretty sure we’ll soon see countries battling over who owns more Bitcoin.The US will start.”Hayes sees Bitcoin to altcoin rotation playbook staying the sameHayes remains confident that the Bitcoin cycle leading into altcoin season will follow the same pattern as it did in 2021, despite differing views from other analysts.“I personally think Bitcoin dominance is going back to where it was before the 2021 altcoin season, which is about 70%,” Hayes said.
BitMEX co-founder Arthur Hayes says the United States is unlikely to add more Bitcoin to its reserves beyond what it has already seized due to the country’s high debt levels and the stereotype behind “Bitcoin bros.”“I’m not really into the whole Strategic Reserve situation,” Hayes said in a May 1 interview.
Meanwhile, in December CryptoQuant CEO Ki Young Ju said “altseason is no longer defined by asset rotation from Bitcoin.” He said the traditional signal marking the beginning of an altcoin season when capital rotates from Bitcoin to altcoins is outdated.
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Author / Journalist: Cointelegraph by Ciaran Lyons
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