Survey: Most hedge funds expect Bitcoin's dominance to continue to rise, and the copycat season may be postponed
According to online reports, according to a survey by Crypto Insights Group of 50 hedge funds with assets under management of more than US$5 billion, 70% of respondents expect Bitcoin's dominance in the crypto market to further strengthen in the next six months, triple that of the same period last year. This trend may delay the arrival of the shanzhai season. The report pointed out that the three major factors driving the rise of Bitcoin's dominance include: Against the backdrop of increasing macroeconomic uncertainty, Bitcoin has shown strong resilience and attracted more safe-haven funds; The launch of Bitcoin ETF and the establishment of strategic Bitcoin reserves in the United States have provided institutional investors with a clearer regulatory framework; most altcoins have performed poorly, and investors are more inclined to choose Bitcoin, which is more liquid and less risky. Still, Andy Martinez, CEO of Crypto Insights Group, said that the shanzhai season is not completely over and that funds are shifting to projects with real revenue, transparent finances and a reasonable token issuance plan.
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