Is anyone else feeling absolutely pumped for the next bullrun?
It seems like every bull run (apart from the first) is driven by some form leverage attempting to dilute bitcoin:
- 2013: copy cats (we can recreate bitcoin!)
- 2017: ICOs (we can make better bitcoin!)
- 2021: institutions (we can make paper bitcoin!)
ultimately, these things fail, unwind and the flushout causes the bear market.
It's really eye-opening to see new forms of leverage come up and get batted back every single time. The scale of leverage increases on each attempt.
What are we going to learn about next? Can't wait!
submitted by /u/anax4096