What’s been driving the bull market in crypto? – Justin Arzadon
The last crypto bear market left many investors bruised and cautious. While some no longer believe crypto is here to stay; others fear another major drawdown. And fair enough – Bitcoin plunged 75% after peaking in 2021, as the chart below shows.
So is the current bull market different and who has been driving it? According to data, the current Bitcoin bull market hasn’t been driven by retail investors. Rather, it has been driven by those who ‘missed out’ on the previous bull cycles – the institutions.
And now that institutional investors are involved, Bitcoin could be looking like it’s here to stay.
