You called this bull run or bitcoin investors and traders are making speculation due to US election in anticipation of Biden policies of favouring cryptocurrency.
Last year bull run, almost all token on market cap were heavily pump with hype and zero use case. In my opinion, cryptocurrency will see improvement on price but we can't see similar bull run like that of 2017.
Beside, there were many factors that contributed to that crazy run, so many scam projects when you compare to this year is far less around crypto space. Average people think Btc was a pyramid scheme and invest heavily but today isn't longer the case.