In 2013 we had a bull run but at that time bitcoin was not known to me. I myself saw the 2017 bitcoin bull run and then we had a massive altcoin bull run. We were expecting the same to happen in 2021 but it did not happen. Some people say that bull run is delayed and some say that next bull run will be after the next halving in 2024.
There was bull run from 2020 to 2021, Bitcoin price at 2019 March was $3800, but increased to $69000 in 2021, is that not bull run enough. It is normal for volatility to be reducing as the market is maturing, but six digit is up next. With the wealth distribution in the world, Bitcoin marketcap will still increase the more.
I sometimes think that bitcoin and crypto market are now matured and we may not see extended bull or bear runs. Bitcoin will reach a hunderd thousand dollars or more but it won't be a parabolic move. What are your thoughts on this ?
Crypto market is not mature enough, it will be full of new projects and volatile coins which can be seen as gambling. About Bitcoin, it is getting matured, but not to the extent it will not bring profit, its maturity will be an hedge against inflation, yet it is still against inflation when it is still a speculative asset but on long term, expect another bull run after next halving again, people are having the mentality that price will increase after halving which may again result to fomo and people investing more some weeks to the next halving.