Bitfinex analysts believe that altcoins will not see significant growth until regulators approve ETFs for crypto assets. Meanwhile, Coinbase's David Duong suggests a potential altseason as early as September.
The Key to Altcoin Demand: The Role of ETFs
According to Bitfinex analysts, the lack of regulated ETFs is a barrier to stimulating institutional inflows into altcoins. 'These products are likely to create sustained, price-agnostic demand, leading to a re-rating of digital assets,' the report states.
Diverging Opinions on Altseason Timing
Despite Bitfinex's forecasts of a delayed altcoin rally, other experts, such as David Duong from Coinbase, believe the market may see altcoin activity as early as September. Duong points to Bitcoin's slowing momentum as a factor capable of accelerating rotation into altcoins.
Current Situation in the Altcoin Market
While capital continues to flow into the market, analysts note a more cautious risk appetite compared to previous bull cycles. Given the recent fluctuations in Bitcoin and the gains of some altcoins, the situation in the market remains uncertain regarding upcoming movements.
In conclusion, the differences in expert opinions highlight the uncertainty in the altcoin market. The expectation of new investment product approvals and shifts in investor sentiment may be decisive factors for the next major movement in altcoins.
