What Makes This Bitcoin Bull Run the Opposite of 2017?
Bitcoin is enjoying a historic run. That’s a big fear considering how similar this bitcoin run has been to the one from three years ago.
We believe the 2020 rally is driven more by institutional allocation and that investing in bitcoin has become less speculative in nature, which indicates bitcoin’s increasing status as a store of value and suggests further potential adoption. This time, its institutions that are largely responsible for bitcoin’s meteoric rise.