Bitcoin and Altcoin Sector Analysis from BitMex Fo

Bitcoin will trade sideways, and the altcoin sector will rotate, which should enrich the sector allocation.A point of view from the founder of BitMex. as follows:“Narrative is more important than technology” for investing in crypto projects, the bull market’s attention has turned to altcoinsPeople are paying attention to the trend of the US Bitcoin spot ETF accumulating an astonishing amount of BTC. This, together with the global fiat currency devaluation carnival, is expected to push the value of Bitcoin to inestimable heights, and the Ethereum spot ETF that is about to be listed in the United States is also will push up the price of ETH. While he may buy some more BTC and ETH next, his attention is turning to altcoins as the bull market approaches.However, in the ultra-long term, with only narrative without basic technology and stable market, this cryptocurrency will eventually return to zero.A huge customer base and technological innovation are moats. Many new projects are not suitable for long-term holding.But in the short term, it is reasonable to enrich the allocation of sectors in this bull market.Before, Inscription broke out, the Bitcoin second-layer network broke out, and then the AI ​​sector broke out. After that?One day in the currency world is one year in the human world. I thought that L2 would be after the inscription plate, but I didn’t expect that there would be so much meat left uneaten.