Crypto Bullruns Past and Present

Crypto bull runs historically succeed bitcoin halvings, and as we’re all eagerly anticipating a possible halving this April, the excitement for a potentially massive bull run also moves the market. What can we expect from this upcoming bull run? How will it differ from the bull runs of the past?

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Last month, we have opened this discussion on a Twitter space featuring special guests who know a thing or two about historical bull runs. Today, we summarize the discussion in a blog.

Crypto Bull Runs in History

Cryptocurrency has witnessed numerous bull runs throughout its history, each marked by unique catalysts and market dynamics. Here is the chronology of these bull runs that lead up to the much-awaited 2024 halving event predicted for this April.

2011-2013 - Geopolitical Catalysts

Amidst economic uncertainties buoyed by geopolitical tensions and financial crises, 2011 - 2013 saw Bitcoin emerge as a safeguard. This bull market, though not the first, showed Bitcoin's potential as a hedge against tradfi instruments.

2015-2017 - BTC Becomes Mainstream

Following the turbulence of previous years, Bitcoin experienced a resurgence from 2015 to 2017, driven by mainstream media coverage and growing adoption. The price surged from $200 to $670, marking a watershed moment in Bitcoin's journey to mainstream recognition.

2020-2021 - Gone Digital

Against the backdrop of the COVID-19 pandemic, cryptocurrencies experienced unprecedented growth; there was a surging demand for digital payments and DeFi solutions. This bull run, while meteoric, was followed by the crypto winter of 2022, highlighting the cyclical nature of the crypto market.

2024 - The Present

Bitcoin experienced a significant surge in early 2024, crossing the $60,000 mark, fueled by anticipation surrounding the upcoming halving event and the SEC's approval of U.S.-listed Bitcoin ETFs. This milestone marked a convergence of traditional finance and cryptocurrencies, providing institutional investors with a regulated avenue to participate in the Bitcoin market. The combination of regulatory approval and halving anticipation created an overall bullish sentiment.

What's Next?

As Bitcoin's price surpasses $60,000 before the halving, speculation looms overhead. Market participants are being increasingly cautious as the next bull run will likely be different than previous ones. History provides nothing but insights when such dynamic forces are at play. Nonetheless, the convergence of regulatory advancements and institutional participation like BlackRock and ArkInvest can signify a pivotal moment in crypto.

The market wants to know how this upcoming bull market will play out, with institutional backing and novel sectors like GameFi, AI, and Meme taking the lead. Will the cyclical nature of bull runs still prevail in the next bull run? Or would it pioneer a new wave of bull runs that challenge history?

The Bottomline

Bitcoin and cryptocurrencies run with the seasons, but what’s ever-present throughout history is innovation. Experts believe that for as long as the world continues to innovate and advance, a crypto bull run is always on the horizon. We’re not seeing the last of it anytime soon.

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