Why do people think that a bull run is yet to come?
Why do people think that a bull run is yet to come?
This is a legit question, and the reason for it is:
Macroeconomic events such as: Worsening of the US economy, external debt, inflation, inverted yield curve and etc. Global geopolitical tensions, unclear future for both the middle east and Ukraine. Recession indicators flashing globally.
Sites and people are constantly talking about how the next bull run which is supposedly going to start late 24/early 25 is going to melt faces, BTC too $100k and so on. Which is kind of odd for me, purely because the chances that kind of that happening any time soon are very slim, considering how the global economy is worsening by the day.
I personally think that the previous bull run may never be replicated, purely because of how everything back then aligned perfectly to support such a massive breakout.
What is your take on this and what factors do you think could come in play to drive a new bull run?
Real bull run is usually characterized by alt seasons but alt season hasn’t happened yet. Alt season won’t come until QE and retail are back. For now btc price is mainly supported by institutions. I also believe alt season may not come this time as the macro is fundamentally different from previous cycles and there are simply way too many alts now.