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‘Welcome to the Pain’: Analyst Benjamin Cowen Says Altcoins To Keep Bleeding Against Bitcoin Until This Happens

Cryptocurrency analyst Benjamin Cowen is saying Bitcoin ( BTC ) is primed to continue outperforming altcoins over the near term. Cowen tells his 894,000 YouTube subscribers that, based on the social risk metric, which gauges crypto market sentiment based on the social media activity of market participants, altcoins could continue underperforming the crypto king. “I have often said Ethereum is sort of like the index of the altcoin market. If it’s doing poorly, interest in crypto is not that high and altcoins aren’t really doing that great. And you can see that as Ethereum has collapsed, so too did the social risk. So when we talk about the social interest in crypto and it being low, what it means is that altcoins will likely keep bleeding to Bitcoin.” Source: Benjamin Cowen/YouTube According to the widely followed analyst, the loosening of the US monetary policy could turn the tide in favor of altcoins. “Despite what people say, they truly want altcoin season. That’s what they want. And because they keep not getting it, altcoins keep bleeding to Bitcoin… …in order to see this change, you need monetary policy to change, which can ultimately lead to people getting more interested in the asset class… …the way you get monetary policy change is you get pain in the markets. We are getting pain in the markets right now. We have seen a lot of pain in the markets. And the more pain that the markets get, the higher the chance that loose monetary policy comes. But in order to see change, you have to have the pain. Welcome to the pain. I don’t know how long the pain is going to last, but it’s this type of pain in the markets that you see persist over a long time that then leads to changes in monetary policy.” ? Follow us on X , Facebook and Telegram Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post ‘Welcome to the Pain’: Analyst Benjamin Cowen Says Altcoins To Keep Bleeding Against Bitcoin Until This Happens appeared first on The Daily Hodl . Bitcoin.com

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Michael Saylor Remains Bullish as Bitcoin Surges

Saylor’s Long-Term Bitcoin Bet Michael Saylor, the Chairman and co-founder of MicroStrategy, continues to be a vocal advocate for Bitcoin. His company has famously adopted a strategy of accumulating Bitcoin, and Saylor often expresses his bullish outlook on the cryptocurrency’s future. Bitcoin’s Recent Performance Bitcoin has recently experienced a significant price increase, leading to renewed … Continue reading "Michael Saylor Remains Bullish as Bitcoin Surges" The post Michael Saylor Remains Bullish as Bitcoin Surges appeared first on Cryptoknowmics-Crypto News and Media Platform . Bitcoin.com