Il Capo, one of the legendary names of the cryptocurrency world, shared his ideas about the future of Bitcoin and altcoins in his statement minutes ago today.
According to the analyst, Solana led the general upward movement, except for the last decline. According to the analyst, this may be the beginning of an altcoin season in which altcoins outperform Bitcoin.
The analyst said he will watch the next few days for the altcoin season.
However, the analyst also touched upon the issue of the US government moving approximately $2 billion worth of Bitcoin this evening. US authorities seized these BTCs years ago during an operation on Silk Road, an illegal sales platform. The USA still has approximately $12 billion worth of BTC stock.
il Capo said that the USA's last transfer move was a “FUD”. According to the analyst, everything looks extremely bullish, especially altcoins.
In addition, il Capo also evaluated the Total3 chart, which measures the total market value of cryptocurrencies other than Bitcoin and Ethereum. This metric, which is currently at the level of 636 billion dollars, may rise to 1.13 trillion dollars according to the analyst.
*This is not investment advice.