{"id":2898,"date":"2020-12-04T09:08:52","date_gmt":"2020-12-04T09:08:52","guid":{"rendered":"https:\/\/afluxcoin.com\/08\/the-current-crypto-bull-run-is-different-from-2017\/"},"modified":"2020-12-04T09:08:52","modified_gmt":"2020-12-04T09:08:52","slug":"the-current-crypto-bull-run-is-different-from-2017","status":"publish","type":"post","link":"https:\/\/afluxcoin.com\/ar\/08\/the-current-crypto-bull-run-is-different-from-2017\/","title":{"rendered":"\u064a\u062e\u062a\u0644\u0641 Crypto Bull Run \u0627\u0644\u062d\u0627\u0644\u064a \u0639\u0646 \u0639\u0627\u0645 2017"},"content":{"rendered":"

The sentiment in the crypto space is similar to the boom and following bubble of 2017\/2018 but there are some major differencesBitcoin Price Chart (Screenshot from www.coindesk.com)In the last two months, Bitcoin\u2019s price rose from around USD 10k per Bitcoin to a new all-time high of around USD 19,8k. Not only did Bitcoin increased greatly in value but, also did most of the other major cryptocurrencies such as Ether and XRP with the total market cap increasing from USD 350bn to USD 550bn.The current market reminds many crypto veterans of the boom and bust period of 2017\/2018, where the crypto market made similar massive gains and then crashed. Even though market movements are currently like 2017, there are major differences such as the type of investors, the macroeconomic environment, and the usability of applications.Institutional Investments & AdoptionThe first difference between 2017 and 2020 is the kind of investors that enter the crypto space and drive prices up with an increasing demand. In 2017, the price increase was driven by retail investors such as your aunt or neighbor who had zero ideas about Bitcoin and blockchain technology but felt they were the next Warren Buffet.The current bull run is indirectly and directly lead by institutional players who know what they are investing in. Shortly before the current boom, multiple companies such as Square or MicroStrategy made headlines in the news for investing several hundred million dollars into Bitcoin as a hedge against inflation in the current financial recession.Further, the number of funds that made investments into crypto increased as well. Just this week, Guggenheim Funds Trust filed an amendment with the U.S. Securities and Exchange Commission (SEC) to allocate up to 10% of its over USD 5bn assets into Bitcoin. The New York Digital Investments Group (NYDIG) too joined the party\u2026<\/p>","protected":false},"excerpt":{"rendered":"

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