Many people expect there will be another bull run in the more or less near future. But who, whose money, what will be the fuel for next bull run? New investors? Smart money? Why? Do elaborate, I am very curious to know your thoughts.
I think we are all tying our hopes to ETF at this point, if it didn't get delayed or new ones are always on the horizon we would have moved beyond it but since it technically wasn't "rejected" we are still keeping a bit of hope inside each other always talking about how bakkt will be approved or cboe will be approved and we are going to see a huge increase in price whenever they get accepted. At this point I believe the price will go up when ETF gets accepted (if it gets accepted at all) just from the people who would buy thinking it will go up and automatically increasing the price.
Aside from ETF there are really not that many things that would increase the price suddenly but I think if Satoshi Nakamoto came out of his shadows and talked about how he is coming back to bitcoin world that would create an amazing reception and the price would skyrocket as well, aside from him noone would make that type of difference and he is not coming back for sure.