According to crypto analyst Benjamin Cowen, altcoins are likely to continue losing value against Bitcoin. Cowen explains that this is a regular occurrence ahead of the Bitcoin halving, which is set to occur in April 2024. He notes that altcoins tend to break off their Bitcoin support levels during pre-halving years, leaving them with nowhere to hide and causing them to depreciate against Bitcoin. Cowen illustrates this trend with the example of Cardano versus Bitcoin, which has experienced significant drops over the past year.
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'Nowhere To Hide' - Altcoins To Keep Getting Wrecked Against Bitcoin As 'Brutal Trend' Persists: Benjamin Cowen
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Real Vision founder: I agree with Michael Saylor's view that BTC will become the base layer of multiple assets
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