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Home » The past and present of a bull market

The past and present of a bull market

By adminJul. 7, 2024No Comments2 Mins Read
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The past and present of a bull market
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Coin World reports:
In the first bull market, you were a Bitcoin Maxi, earning millions of dollars. In the second bull market, you remained a Bitcoin Maxi, again earning millions. In the third bull market, you made millions as both a Bitcoin and Ethereum Maxi. In the previous bull market, you earned millions as a BNB, Solana, and Avalanche Maxi. In this bull market, to make millions, you must be a $Solana and $TON Maxi; otherwise, you will come away empty-handed.

Cryptocurrency Bull Market History
There have been many bull markets in the history of cryptocurrency, each with different catalysts and market dynamics.


2011–2013 — Geopolitics
The uncertainty, political crises, and financial crises of 2011-2013 made Bitcoin a haven. Although not the first occurrence, the bull market proved the viability of using Bitcoin as a hedging instrument.
2015–2017 — BTC Goes Mainstream
From 2015 to 2017, after several turbulent years, Bitcoin’s price rose with increased media coverage and user adoption. Notably, Bitcoin’s price surged from $200 to $670, marking a revolutionary step in seeking social recognition.
2020–2021 — Digitalization
During the COVID-19 pandemic, cryptocurrency saw unprecedented growth; demand for virtual transactions and DeFi payment systems surged.
2024 — Present
At the beginning of 2024, Bitcoin surged past the $60,000 mark. This was due to anticipation of an upcoming fork event and the SEC’s approval of a Bitcoin ETF for listing on US markets. At this point, finance and digital currency converged, as a new initiative provided a regulated avenue for institutional investors wanting to invest in Bitcoin. Overall, whether it was regulatory approval or excitement for the upcoming halving period, both provided ample fuel for the frenzy.

Conclusion
In this bull market, to earn millions, you must become a $Solana and $TON Maxi; otherwise, you will leave empty-handed. This is a more relaxed approach, my view, not a piece of financial advice.

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