Bitcoin ETF

Bitcoin

Gains

You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/altcoins-poised-for-gains-in-a-stable-crypto-market-landscape" rel="noopener noreferrer nofollow">Altcoins Poised for Gains in a Stable Crypto Market Landscape</a> 
In the evolving world of <a href="https://en.bitcoinhaber.net/jpmorgan-ceos-stance-on-bitcoin-a-tale-of-contradiction" rel="noopener noreferrer nofollow">Bitcoin</a> and altcoins, crypto whale Andrew Kang discusses the potential impacts of a Bitcoin ETF launch. Contrary to traditional expectations that it would primarily benefit Bitcoin (BTC), Kang believes altcoins might be the real winners, emphasizing the importance of having a ready altcoin portfolio.
Kang’s analysis suggests that when BTC experiences steady, gradual growth over months and years, it creates a Goldilocks scenario for altcoins, focusing on minimal intraday volatility and avoiding the double-digit percentage fluctuations often seen in the crypto market. He foresees a period of modest daily gains, unlike the extreme volatility of crypto’s early days.
In this scenario, BTC becomes less attractive to investors seeking high returns due to its reduced volatility. However, its slow and steady rise instills confidence in a sustainable growth trajectory for the entire crypto market. Kang highlights the importance of this environment, which encourages market participants to allocate funds lower down the risk curve.
Kang sees Bitcoin ETFs, designed to track Bitcoin’s performance, as catalysts for change, potentially reshaping market dynamics. The inflow of institutional and individual funds through these ETFs could pave the way for a more stable and trust-focused market.
Contrary to the common narrative that a Bitcoin ETF would mainly benefit BTC, Kang argues that altcoins could see significant gains in this scenario. As Bitcoin’s reduced volatility makes it less appealing for day traders, the focus might shift to alternative cryptocurrencies, or altcoins, which are known for their potential for significant gains and could become more attractive to investors seeking opportunities beyond BTC’s stability.
<h5>The post first appeared on BH NEWS: <a href="https://en.bitcoinhaber.net/altcoins-poised-for-gains-in-a-stable-crypto-market-landscape" rel="noopener noreferrer nofollow">Altcoins Poised for Gains in a Stable Crypto Market Landscape</a></h5>

Altcoins Poised for Gains in a Stable Crypto Market Landscape

BH NEWS

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