What is a bull market?

What causes a bull market?

  • Mainstream and pop culture support: Think of the 2017 bull runs influenced by the likes of Paris Hilton and DJ Khaled, and shows like The Big Bang Theory.
  • Introduction of institutional capital: A good example is MicroStrategy’s $650M Bitcoin (BTC) investment (over 70,000 BTC).
  • Growing optimism from traditional finance: JPMorgan strategists said Bitcoin could rally to as high as $146,000.
  • Unique events that threaten traditional finance: COVID-19, for example, drove a lot of people to turn to crypto amid the stress caused by the pandemic on traditional financial markets.

Characteristics of a crypto bull market

  • Increased prices over a sustained period of time;
  • Strong demand despite weak supply;
  • Increased investor confidence in the market;
  • Overpricing of certain projects;
  • Insertion of talks about cryptocurrency in mainstream media as well as social media;
  • General interest in cryptocurrency among celebrities, influencers and other sectors who might not have been interested in crypto before;
  • Hard rise of prices in the event of good news;
  • A slight drop in prices in the event of bad news.

What is a ‘bull run’ in crypto?

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First smart data ecosystem with a Dual-Strata Architecture. See full blog at Smart Data Ecosystem Publication or https://medium.com/genaro-network

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