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 am not one of those that think that a bull market is going to happen soon, it is probably going to take a few years for us to see a new bull market but it is likely that what we are going to see is very similar to what happened at the end of 2017 in which we saw a combination of many positive news and factors that made people very positive about the future of bitcoin and the market of cryptocurrencies in general and this brought new investors and their money.
The next bull market is probably going to happen when a new advancement in the technology of bitcoin is made and then institutional money decides that this is the perfect moment to invest in this new industry and that makes the price of bitcoin to skyrocket.