CandleFocus Why the Altcoin Rally Won't Start? Is Bitcoin Getting in the Way? CryptoQuant CEO Explained One by One!
2024-11-27
Author: Content Editor
The CEO of CryptoQuant, Ki Young Ju, explained why altcoins have yet to experience a major rally despite Bitcoin reaching $100,000. Ju attributed this delay to institutional investors, who have been primarily focused on Bitcoin and ETFs rather than altcoins. He stated that institutional investors do not intend to shift their assets from Bitcoin to altcoins like retail investors do. To reach new all-time highs, altcoins need a significant influx of fresh capital into cryptocurrency exchanges. Ju emphasized that altcoins should develop independent strategies to attract new capital rather than relying on Bitcoin's momentum.
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