Do you think September will be the month we will see another bull run in the crypto market the way we had last year?
Words
108
Reading
1 min
8y
View the original post on Musing.io
I don't know. Actually, no one knows.
The last bull run was totally unexpected. It came out of nowhere. There was a lot of positive news about cryptocurrency boom and many people jumped on the bandwagon to get profits. But many of them lost huge amounts of money.
Considering the fact that there was a lot of losers in the December bull run, I doubt new investors will make the same mistake again. The only way another bull run could happen is if institutional money enters the crypto space.
So, based on the current market situation, I would say it is very unlikely.