Post
Topic
Board Speculation
Re: Bitcoin's Bull-run fully explained
by
batang_bitcoin
on 26/06/2019, 22:01:39 UTC
The halving's fever would possible take effect by first quarter of 2020 so we are still far from that although I'm also thinking about that factor. But the closest one that we can ever conclude is through the impact of Bakkt's announcement of its beta testing.

Belated ICE-backed Bakkt Bitcoin Futures Beta-Testing Launches in Less than a Month

It is still next month though, and they haven't been certified as far as I know so I doubt that this could be one factor for the current rise, however, I'm thinking that this is news could be very important as well,

https://www.coindesk.com/cftc-approves-ledgerx-to-settle-futures-in-real-bitcoin

Anyways, I think we can't just pinpoint any factors that is affected the price, but I'm sure FOMO is real again, like 2017.
I'm certain that this has contributed to the recent bull run that we're experiencing right now. We're aware that institutions are getting to the market and through them, they will make it easier for those money to come in. I'm also comparing the scenario now with 2017 and I think it's going to be better than that. Just look on how many more months left before this year will end but we're already near on $13k. While on 2017, it took the end of the year before it reached the all time high.