Post
Topic
Board Bitcoin Discussion
Re: What is the main reason for this bull market
by
pooya87
on 24/11/2020, 05:11:22 UTC
This is bull market but what is the main Reason?
- increasing adoption
- having lots of useful utilities
- being an excellent hedge against the failing economy
- being deflationary due to having capped supply while fiat inflation keeps increasing

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Its strange in the middle of the world economic crisis!?  Usually economic crisis asset prices goes down... How come this bitcoin bull run started just suddenly?
well bitcoin is not an asset, it is a currency and it  doesn't rely on the economy the way every other asset does, even though it is affected by it to some extent. if anything bitcoin thrives when there is an economic crisis. FYI bitcoin was created back in 2006-2008 when the economy was failing (and finally crashed in 2008 which is when bitcoin was released).

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Was there any inidicators before?
yes, lots of them. whether through TA by looking at the charts or from the fundamentals and the way adoption has been increasing every day.