What’s Different About This Bitcoin/Crypto Bull Cycle
A sign of what’s in store for this bull run, which will dwarf the existing ones.
Non-members can read the full article here.
Bitcoin is on the cusp of a new all-time high, memecoins are pumping, and ETH is finally picking up the pace to setting a new top.
The bull market is well and truly back, but it’s even more energised this time and occurred (slightly) sooner than many expected.
Let’s delve into what’s different this time around for the market.
Plenty of institutions are now (officially) on board
Well, strictly speaking, they’ve been on board for several years, most likely since 2014. As they’re incredibly smart and equally cunning, many have played dumb for long enough and hoodwinked enough people — including various counterparts — into believing Bitcoin was bogus and not sought after.
Unless you’ve lived under a rock, you would have heard about the US SEC green-lighting eleven Spot Bitcoin ETFs in January, leading to billions of dollars flowing into these publicly traded funds.
It’s a positive in some ways but an issue in other ways, as it’s the first cycle whereby institutions have significantly increased their exposure…
