Do you think alts could boost bitcoin in price. i think looking only at the feelings inside the market we have a much more positive attitude in the crypto sphere in the last days compared to the week before. Big altcoin announcements this month (eos/iota) might get the whole market go up again. Do you think this might have an impact on Bitcoins bull?
You are viewing a single comment's thread from:
If the EOS rollout goes smoothly, yes, we could see renewed interest in the market.
Right now, most alcoins are tied to bitcoin. As many altcoins start to implement their vision, we may see them start to rise and fall on their own merit.
In my opinion, the main thing that's preventing a bull run is lack of regulatory clarity. As soon as the SEC comes out and clarifies it's position, we'll most likely see a flood of new money enter the market. I believe many people are interested in buying, they just want to know the rules before playing the game.