Why the next edition of the Bitcoin Bull Run could it eclipse the latest crypto bubble

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While the main crypto of market capitalization vanishes and resumes after a 85% drop over the last two years, bullish sentiment and exuberance once again surround Bitcoin and the rest of the cryptography market.

With a fundamentally confirmed bottom, the price of Bitcoin rose sharply thanks to FOMO. The resurgence of speculative hope has prompted many cryptographic analysts to reflect on the latest cryptographic run that has brought Bitcoin to its record high of $ 20,000, and to examine what has changed since this could lead to further time analysis. more important.

Main factors fueling the next bull run at even higher heights

When Bitcoin exploded in the public eye in 2017, the vast majority of the general public had never heard of the cryptocurrency created by Satoshi Nakamoto. The curiosity of the public being stung and the fact that Bitcoin almost doubled in one month, from $ 10,000 to $ 20,000, prompted FOMO to buy at the height of the bubble.

A bear market has erased all the positive sentiment around the crypto space, many calling for the burial of Bitcoin as it fell lower and lower.

Related reading | The price of bitcoin gained on average 77% after consensus, Altcoins 161%

But in recent weeks, Bitcoin has once again turned around and has become parabolic, rising from $ 4,200 to over $ 8,000 in less than six weeks. The rise has led the market to speculate again and to dream that the next upward race will bring wealth

Most cryptography analysts are expecting the next uptrend to overshadow any gains seen in the 2016-2017 bull market for good reason.

One of the arguments for why the next bull race will be "Biblical" will again be due to the FOMO's public. The "normal analysts", as an analyst calls it, now know that it is possible to get 20,000 BTCs, which would encourage them to rush to the crypto asset for fear of missing another large-scale rally.

Another reason is due to the wide variety of options available to investors, even institutions, to expose themselves to the cryptography markets. With Bakkt on the way, Fidelity having launched, and so much more, Bitcoin is easier to invest than last time. In addition, the effect of the Square application on the offer of Bitcoins can not be underestimated.

Although crypto has not been used during a major global economic crisis, it is designed to be a hedge during a downturn similar to gold. With the fall of the "big financial markets" as a result of escalating trade tensions between the United States and China, bitcoin is becoming more and more attractive.

Making Bitcoin even more valuable during economic turmoil is its value as an uncorrelated asset. The fact that Bitcoin and other cryptos do not follow other markets makes it an ideal choice for portfolio diversification.

Adoption by some of the world's largest retailers could also help create an additional buzz and cryptocurrency use case, and help provide valuable exposure to consumers.

Technology companies such as Samsung have begun to incorporate crypto-specific features into their smartphones, and tech entrepreneurs such as Elon Musk and Jack Dorsey are supporting crypto-currencies, adding an endorsement stamp to the technology. and to the class of unknown assets. With millions of Samsung phones in the hands of the public, crypto will occupy an important place in the daily life of the general public. Coinstar is another great example of this daily show.

It is this combination of reasons, and many others, that clearly explains that "this time is different" and that cryptography is about to make a monumental comeback in the eyes of the public.

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