If you compare this with any other security or asset these would look like magical returns but if you would compare this with bitcoin itself you would feel that bitcoin was already at 19k just one year after the elections and has fell down to almost half in 3 years. Still doesn't makes it a bad form of investment for sure.
$630 to $19,xxx is a meteoric rise for sure. If you told me that we’ll make even half that kind of rise from $10,000 then I will be one very happy guy. It’s been a while since the halving now, we should really begin to see upwards movement soon.
This upwards movement is what everybody has been talking about and how they expect BTC to moon to a new ALTH. Furthermore, the link between presidential elections and US to the stock market decline has already been made clear, to the point that even traditional news outlets covered it. I for one would like to think that this same correlation linkage isn't found between this political debate and cryptocurrency, and like most optimists that crypto will start recovering.
However, as I write this I find myself wondering what would really drive this upward trend? We know that a large movement somewhere needs to happen in order for the market to show another bull run, but the problem is that there isn't much on the horizon that might lead to this healthier recovery everybody is hoping for. Am I wrong?
I think that markets don't really work the way we think. we generally get a lot of lagged information of market. We will start seeing market is ready for bull run when the market has already moved up 20-30%.Until some real movement takes place a rational investor can never imagine this type of return due to any factor.