According to @godbole17, a 2021-style altseason is unlikely because today’s macro regime is fiscal dominance with high policy rates, no QE, and targeted, debt-funded government capex that does not create broad monetary liquidity, limiting spillover into speculative altcoins. Source: @godbole17 on X, Oct 23, 2025. He adds that market performance should be dispersed, with store-of-value assets like Bitcoin (BTC) and gold doing better, stablecoins acting as an escape valve amid capital controls, and only altcoins directly tied to fiscal beneficiaries potentially outperforming; a return to aggressive central-bank easing would be needed for a broad altseason. Source: @godbole17 on X, Oct 23, 2025.