Why The Next Crypto Bull Run Will Be Better Than The One Of 2017
Bitcoin shocked the whole world in the last few days despite seasoned analysts making a case for the digital assets smashing its all-time high figure. With the bull run coming to an end, analysts are looking forward to the next bull run in the crypto space. Bitcoin and the crypto market were brought into the limelight after the bull run around 2015-2017.
With the bull run, Bitcoin successfully did two things, announcing itself to the whole world and scared many people away from the sector. The question on everybody’s lips is what will be different this time around with the incoming crypto bull run.
Institutional investors play the most part in the crypto bull run
The first metric that would prove all the difference is the demand for Bitcoin by institutional investors in the market, with their involvement more significant than that of 2017. Even though institutional investors like Grayscale were present in the crypto market, most of them were small scale companies.
Presently, we have companies like PayPal and MicroStrategy buying Bitcoin in massive volumes, with reports making the rounds that PayPal is currently buying freshly minted Bitcoin in the market. Another report submitted by Pantera Capital noted that the buying pressure in the crypto market is increasing because of firms like PayPal and MicroStrategy.
With this in mind, most small-scale and large-scale companies will be running to join the race; hence, the emergence of another crypto bull run in the crypto market. Another thing is that Institutions are currently stocking up Etheruem in preparation for Ethereum 2.0. Most of them are looking to earn from staking, giving Ethereum an edge to begin its bull run in the crypto market.
The emergence of crypto exchanges favoring the adoption of digital assets
Another factor that will boost this present bull run is that there are better exchanges and on-ramps this time than the little amount present during the 2017 bull run. With quality crypto exchanges coupled with payments platforms such as PayPal venturing into the crypto space, it is only a matter of time before Bitcoin proves the doubters wrong and experience a bullish run. Also, the registration methods that these new exchanges provide to customers are way easier than that of 2017.
Exchanges now provide a user-friendly interface that allows users to buy digital assets efficiently. Because of this, more customers will be encouraged to venture into the space. The last factor is the growing rate of adoption and participation in the crypto market.
During the bull run of 2017, most people opposed as to what the crypto sector was about as many viewed the ills instead of seeing the potentials. Even though most people have not been swayed by the gains in the crypto sector, the sector has witnessed more people over the years.
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