Bitcoin to Continue Outperforming Altcoins Until US Monetary Policy Eases

Analyst Benjamin Cowen predicts Bitcoin will continue to outperform altcoins until US monetary policy eases. He states that the total market capitalisation of altcoins is set to decline against Bitcoin, with dominance likely increasing until quantitative tightening ends. Cowen is uncertain when this will occur but hints it could happen this summer. As of now, Bitcoin is priced at $84,270.

According to analyst Benjamin Cowen, Bitcoin (BTC) is expected to outperform altcoins for the foreseeable future. In his recent strategy session, he noted that the market capitalisation of altcoins, referred to as Total3 (which excludes Bitcoin and Ethereum), is anticipated to decline further against Bitcoin. Cowen expressed that the current flatness of altcoin/Bitcoin pairs is likely temporary, predicting a downward trend similar to last year’s performance in the upcoming weeks.

Cowen attributes this continued supremacy of Bitcoin to the current state of US monetary policy, indicating that Bitcoin dominance, which measures Bitcoin’s market cap relative to other cryptocurrencies, will remain strong until quantitative tightening concludes. He is optimistic about Bitcoin’s dominance as long as tightening is still in effect. If the Federal Reserve signals an end to this policy during the next FOMC meeting, Cowen may reevaluate his outlook.

The analyst is unsure about when the Federal Reserve will ease monetary tightening, suggesting a possible resolution by summer. As of the report, Bitcoin’s price stands at $84,270. Cowen encourages subscribers to monitor these developments closely, reminding investors to conduct thorough research before making any high-risk investments in Bitcoin or other cryptocurrencies. All trading activities remain the individual investor’s responsibility.