Rich Rosenblum, co CEO of cryptocurrency market maker GSR, stated that although Bitcoin's price trend may continue to lead other currencies in the next stage of the bull market cycle, he still has confidence in the "strong return" of altcoins as in past cycles.

Rosenblum stated on a social media platform on Monday (29th) that whenever Bitcoin rises, people who watch Duoshan Bitcoin always expect it to follow suit and usher in the so-called "Altcoin season", but at the same time, they are often refuted by saying that "altcoins cannot rebound in the current regulatory environment".

However, Rosenblum has observed in the market that those who watch Duoshan Zhai Coin will respond by saying that the cryptocurrency team and technology have made great progress now, and that "altcoins will find a way to break through," while those who are not optimistic will no longer refute this.

Rosenblum continued to mention that the market capitalization of Bitcoin has continued to rise this month. Although he believes that this situation may continue in the next stage of the bull market cycle, he stated that this is the moment when he has the most confidence in the "strong return" of altcoins. He also specifically mentioned that the currency with the leading increase in the next stage may be Solana's native token SOL.

The historical chart accompanying Rosenblum shows the leading and lagging patterns of mainstream and altcoins in the past two bull market cycles.

GSR researchers also shared a "speculation index" chart, showing the proportion of altcoins with returns exceeding Bitcoin in 90 days. The recent low values indicate the surrender of altcoin investors and the existence of better potential investment opportunities for altcoins.