Closely followed crypto analyst Benjamin Cowen says that a shift in monetary policy will most likely be what finally triggers an “altseason,” or a period where altcoins vastly outperform Bitcoin (BTC)

The Impact of Monetary Policy on Altcoins

In the world of cryptocurrency, Bitcoin has long been considered the king of the market. However, according to crypto analyst Benjamin Cowen, a shift in monetary policy could lead to a significant change in this dynamic. Cowen believes that this change could trigger what is known as an “altseason,” where alternative coins (altcoins) outperform Bitcoin.

What is an “Altseason”?

An “altseason” is a period in the crypto market where altcoins, or cryptocurrencies other than Bitcoin, see significant price gains compared to the leading digital currency. During an altseason, investors typically see higher returns on their altcoin investments compared to holding Bitcoin.

Cowen suggests that a shift in monetary policy, such as changes in interest rates or government stimulus packages, could be the catalyst for an altseason. This would lead to increased interest and investment in altcoins, driving up their prices and market capitalization.

How This Will Affect Me

As an individual investor in cryptocurrency, a potential altseason triggered by a shift in monetary policy could present new opportunities for profit. By diversifying your portfolio to include altcoins, you may be able to capitalize on the upward trend in their prices and potentially outperform Bitcoin in terms of returns.

How This Will Affect the World

A shift in monetary policy that leads to an altseason could have broader implications for the cryptocurrency market and the global economy. Increased investment in altcoins could drive innovation and development in the blockchain space, leading to new technologies and applications that benefit people around the world.

Conclusion

Benjamin Cowen’s analysis suggests that a change in monetary policy could be the key to unlocking an altseason in the cryptocurrency market. This shift has the potential to benefit individual investors by providing new opportunities for profit, as well as driving innovation and development in the blockchain space on a global scale.