Why this bull run is fundamentally different from 2017

Bitcoin is nearing its prior all-time high (ATH), set in December 2017. It’s entirely plausible that we could regain the heady $20,000 level within the next few weeks or months.

This time, it’s happening without much fanfare, and without the Initial Coin Offering (ICO) phenomenon which intensified the price action (investors bought BTC in order to participate in ICOs, driving the price up).

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If you gauge metrics of retail investor interest in the asset, whether it’s tweets or google searches, Bitcoin is still languishing well below it’s highs. This is causing a fair amount of puzzlement.

Many are wondering what the cause of Bitcoin’s renewed energy is. I figured I would present a few Bitcoin-related charts that are already hitting new all-time highs, in order to clarify the phenomenon a bit. …

About

Nic Carter

Partner, Castle Island Ventures. Cofounder, Coinmetrics.io

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