Next Bitcoin Bull Run Will Be First Cycle Supported By Established Financial Firms

[bitcoincash]

During the last Bitcoin bull run and crypto hype bubble peak, the industry struggled to keep up with the overwhelming demand. Exchanges had no choice but to shut down new user registrations, and new user accounts began being sold on the black market for full Bitcoins as eager retail investors scrambled to buy into the altcoin mania at the close of 2017.

After a brutal bear market, Bitcoin is starting to find its footing once again, and is showing the early signs that the next bull market could be underway. But unlike the last time around, this cycle will be the first ever bull run where more established financial businesses will be supporting Bitcoin, exposing the asset to even more investors and capital than in the past.

[Isu]

I think that latest brutal market downturn actually happened because large investment banks were pulling their money out of this market. I have also read in the news that now these banks are preparing for issuance of their own crypto currency. Cant confirm if this is true, but it sounds realistic

[BenFormer]

I think that latest brutal market downturn actually happened because large investment banks were pulling their money out of this market. I have also read in the news that now these banks are preparing for issuance of their own crypto currency. Cant confirm if this is true, but it sounds realistic

I mostly agree with you. I really wonder do they create centralized currency then?

[Xtoyak]

I think this bull run of the Bitcoin is crucial one as people lost the hope in the previous bear trend. I am sure we will see huge investments in this bull run and it is a great thing for the better future of virtual currencies. What are your thoughts about Bitcoin?

[Kate4441]

In my personal prediction bear market in crypto already ended and currently the market sideaway and in the middle of this year will back to bullish, i believe with circle of crypto market that bullish and bearish always changed. With more adoption of crypto and blockchain technology this market for sure will turn in to bullish, we have to wait patient for that. If you are interested in technical analysis you can follow Monfex on Trading View. They provide really useful and qualitative. So if you get interested check it out.