But here’s my doubt, as Bitcoin continues to attract more attention from institutional investors, the strength of altcoins seems to be weakening.
There is only one reason why anyone thinks there is going to be an altcoin season and it is because it happened before. There is no other reason at all! The demand for altcoins is weak, they don't solve any real world problems, there are thousands of L1 and L2 copies of each other doing the same thing. Each new coin makes the existing ones weaker. Why would there be an altcoin season?
Altseason will come as once Bitcoin has hit around $150k, the millionaires and billionaires will want more and that's when they will take their Bitcoin profits and move into altcoins to make even more money.
Most people just pick a random number, and then when it does not happen they shift the goal post to another number instead of admitting they were wrong.
If an altcoin season does happen, I am selling almost everything to the greater fools that want to baghold this junk.
I would not mind being wrong at all.