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When Is Altcoin Season Finally Coming?
Bitcoin Adoption vs. Altcoin Adoption
When Is Altcoin Season Finally Coming?
There’s no denying what’s driving this current crypto bull cycle right now: bitcoin.
Every day, it seems like we see new headlines about a major corporation, international bank, or government entity adopting bitcoin in some form or another.
Just over the past month:
JPMorgan, the largest bank in the world, announced it would allow its clients to use crypto-related assets as collateral for loans in the coming weeks.
Trump Media – the parent company of President Trump’s Truth Social platform – unveiled plans to raise $2.5 billion to create what it claims will be one of the largest bitcoin treasuries held by any public company.
GameStop purchased 4,710 bitcoins, valued at over $500 million, as part of its strategy to incorporate cryptocurrency into its corporate investments.
And Japanese company Metaplanet announced its purchase of 8,888 bitcoins with the aim of becoming the MicroStrategy of Japan. Shortly after, it became the second-highest performer on the Japanese stock market and most actively traded stock on the week of its announcement.
This is all proof that the mass adoption of bitcoin Daily editor Teeka Tiwari has been predicting since 2016 is well underway.
That begs the question…
If bitcoin continues to hit all-time new highs – and it’s poised to break a new record for the second time in three weeks – why are altcoins lagging so far behind?
Below, I’ll answer that question. Plus, point to a catalyst on the horizon that could kick off an altcoin season for the ages.
The Great Bitcoin Acquisition Game