With BTC close to 20k, investors are looking into a potential 5x from here going into the next cycle. This is where the multiples on altcoins become attractive.

At 20K and beyond BTC will be keep being pumped mostly by institutional money flowing in. Those are veteran investors and they prefer the proven track record of bitcoin as a hedge for their money against the growing inflation of the dollar.Mid-scale investors will look for other projects that outlived the 2018-2020 bear market and still have active development, good technology that will shape the future. Those projects are still ways away from ATHs and can probably see a 100x (maybe)Crypto veterans same thing. They are risk takers. A lot is still on the sidelines in tether or other stable coins and i would bet that a large chunk of this will be going into solid altcoins instead of BTC

Submitted November 23, 2020 at 12:11PM