While the rise in altcoin markets continues, led by Bitcoin, it is noteworthy that the Bitcoin dominance rate is increasing.
Rally Forecast
In his interview, famous investor Brian Kelly shared his expectation of a significant rise in cryptocurrency prices, despite the high levels of Bitcoin dominance. Here are Kelly’s predictions for the altcoin rally.
Ascension May Begin in January 2024
BKCM CEO Brian Kelly predicts a promising scenario for investors in the cryptocurrency markets. Pointing to January 2024, Kelly announced that altcoins could begin to rally about a month after Bitcoin prices rose in the bull market.
Bitcoin Could Trigger the Rise
BKCM CEO Brian Kelly states that the cryptocurrency rally may begin after Bitcoin prices rise due to macroeconomic factors. Stating that factors such as the decreasing influence of the Fed and the halving effect may cause large price movements in the markets after April 2024, Kelly calls on investors to be prepared for this potential period.