Citigroup Analyst: Shiba Inu Coin Performance is Worth Looking Forward to in 2025

BlockBeats News, January 9th, Citigroup analysts stated in a report on Monday: "Given that Ethereum is the only major cryptocurrency (other than Bitcoin) approved as the underlying asset for a spot ETF, it may be a rotation target. The performance of other cryptocurrencies and altcoins is even more significant, indicating that some market participants expect a 'altseason' in 2025 after a strong year for Bitcoin."

The Citigroup analyst stated that new policy support will help solidify the legitimacy of altcoins in the market and may drive prices higher. "Bitcoin has been classified as a commodity, with traditional financial trading instruments such as spot ETFs and futures. In contrast, the definition of other crypto assets is more uncertain, and the range of investment options is more limited."

The analyst added that compared to Bitcoin, further policy support will provide a huge push for altcoins. (Jinse)