Citi Research Report: Altcoin will benefit more from slower regulation, and no significant increase in on-chain activity has been seen yet
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Odaily Planet Daily reported that Citigroup released a research report on Thursday, in which analysts led by Alex Saunders wrote that the nomination of crypto-friendly Paul Atkins as SEC chairman provides the final push for Bitcoin to break through $100,000. As adoption grows, Bitcoin continues to be supported by ETF funds and other buying power. However, may benefit more from a more relaxed regulatory environment, and Bitcoin's dominance has recently declined. The analysts added that they have not yet seen a significant increase in on-chain activity. In the long run, the utility or value of the network will be linked to its usage, macroeconomic relevance, and production costs. A more relaxed crypto policy should expand the asset class, but Bitcoin, which has already been classified as a commodity and has a spot ETF and futures contracts, will see smaller gains than other tokens.
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