The Altcoin Reckoning
Read summaryIn this video, the speaker discusses the ongoing altcoin Reckoning, which refers to the devaluation of altcoins against Bitcoin. Despite some thinking it has ended, the speaker argues that altcoins continue to put in new lows against Bitcoin. They believe altcoins are oscillators at best, reaching parity with Bitcoin at peak bull market phases. The altcoin Reckoning ended last cycle due to lower interest rates and a shift from quantitative tightening to easing, which has not yet occurred. The speaker suggests it is premature to assume the altcoin Reckoning is over. They make their views clear despite criticism from others. The ongoing devaluation of altcoins against Bitcoin is attributed to the lack of actions by the FED. The speaker urges caution in assuming the altcoin Reckoning has ended. 📉🔗 #AltcoinReckoning #Bitcoin #FED #MarketAnalysis
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