With the market-capping crypto dusting and catching up after a drop of 85% in the last two years, Bitcoin and the rest of the crypto market are once again surrounded by optimism and exuberance. [A] Basically confirmed, the price of Bitcoin has risen sharply due to FOMO. The resurgence of speculative hope has led to cryptanalysts possibly pondering the recent Crypto bull run that has brought Bitcoin to its all-time high of $ 20,000, and consider what has changed as this will lead to an even bigger bull run could.
] Key Factors for the Next Upswing
When Bitcoin surfaced in 2017, the vast majority of the population had never before heard of the cryptocurrency created by Satoshi Nakamoto. The public's curiosity and the fact that Bitcoin almost doubled from $ 1
A bear market erased the overall positive sentiment in the crypto room. Many call for the burial of Bitcoin, as it is worth less and less.
Related Reading | The Bitcoin price has risen by an average of 77% after the consensus, Altcoins by 161%
In recent weeks, however, Bitcoin has turned again and in less than 6 weeks has risen from $ 4,200 to current levels over $ 8,000. The rise has led the market to speculate again and to dream about what riches the next bull run will bring.
Most crypto analysts expect the next bull run to overshadow all profits seen in the 2016-2017 bull cycle, and for good reason.
The essential difference between now and 2017 …
Now Normans know that $ 20,000 BTC-USD is possible. The FOMO will be biblical.
– Bitcoin Birch @ (@BitcoinBirch) May 14, 2019
An argument for why the next bull run will be "biblical" is again caused by the public FOMO. "Normies," as an analyst calls them, now know that 20,000 BTC are possible, which could lead them to pour into the crypto portfolio for fear of missing another massive rally.
Last Bitcoin Bull Run we did not do that:
– Cash App
– TD Ameritrade
Imagine what this bull run will look like! 🚀🌕
– Dan Hedl (@danheld) May 15, 2019
Another reason is the wide range of options available to investors and even institutions to engage in crypto markets. With Bakkt on the way, Fidelity and more, investing in Bitcoin is easier than in the last round. The impact of the Square Cash app on the Bitcoin offer should not be underestimated.
The major financial markets are collapsing due to increasing trade tensions.
But the good year for Bitcoin is getting even better. https://t.co/V19XSDcQgr pic.twitter.com/oiA1rr9CcK
– Steven Russolillo (@srussolillo) May 14, 2019
While Crypto was not yet in operation Es This is a major global economic crisis, similar to gold, which is intended as a hedge against a downturn. With the crash of the "big financial markets" as a result of escalating trade tensions between the US and China, Bitcoin is becoming increasingly attractive.
Bitcoin in times of economic turbulence Making it even more valuable is its value as an uncorrelated asset. The fact that Bitcoin and other cryptography do not follow other markets makes it an ideal choice for diversifying the portfolio.
"Large retailers such as Starbucsks, Amazon, Whole Foods, Barnes & Noble, and Crate and Barrel are now accepting cryptography" using @FlexaHQ and @Gemini https: // t.co/7R0WZ93MCc[19659010<-MikeDudas(@mdudas) May 13, 2019
Acceptance by Some of the world's largest retail outlets may also be used to attract extra attention and create a cryptocurrency use case and to provide consumers with valuable information.
In 2017, we had none:
• Bakkt otw
• @elonmusk & @jack scream #bitcoin  • Samsung integrated $ crypto wallets
• HTC full node capabilities
• Heavily improved general #cryptocurrency UI
• 100x mor The educational content out there
This time it is different.
– The Crypto Dog📈 (@TheCryptoDog) May 14, 2019
Technology companies like Samsung have begun to integrate crypto-specific features in their offerings. Smartphones off the rack and technology entrepreneurs like Elon Musk and Jack Dorsey support cryptocurrencies and give the unknown technology and asset class the much needed seal of quality. With millions of Samsung handsets in the public's hands, crypto will be a regular feature in the daily lives of the general public. Coinstar is another great example of this daily exposure.
It's this combination of reasons and so much more, why it's clear that "this time is different" and Crypto is ready to make a monumental comeback in the public eye.