TechFlow news, December 14 — According to Cointelegraph, after U.S. Senator Lummis proposed that the U.S. government acquire 5% of the Bitcoin supply, Ben Simpson, founder and CEO of Collective Shift, analyzed that if a strategic Bitcoin reserve is approved, the market is expected to become volatile: Bitcoin would likely surge first, then possibly retreat.
Regarding current market conditions, Ben Simpson believes Bitcoin dominance (a metric measuring Bitcoin's share of the total cryptocurrency market value) will "begin to decline," and as Bitcoin starts consolidating around $100,000 and altcoins begin to "rise," the market rotation into altcoins has already begun in practice, though it may not directly transition into a so-called altseason.
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